Durable goods production looking good for 2005

United States durable goods manufacturers are expected to invest more than $14.5 billion in capital equipment in 2005, according to the 2005 Gardner Research Capital Spending Survey. Now in its 37th year, the survey indicates an improvement in machine tool consumption of about 30%.

“After a modest 15% projected improvement in 2004, machine tool consumption is forecasted to jump 30% in 2005. While this is a large percentage increase, in dollar terms it is simply getting us back to a more reasonable level of consumption — about to where we were in 2001,” said Steve Kline, executive vice-president of Gardner Publications.

“Next year (2005) will be a year of consolidation for capital equipment manufacturers,” said Kline. Machine tool consumption in the United States is expected to reach $5.3 billion, up from a projected $4.1 billion in 2004.

This survey was distributed to 10,000 durable goods manufacturing plants (Standard Industrial Codes 34-38) in the United States. More than 1,400 manufacturing professionals responded, describing in detail their capital equipment spending intentions for 2005.

Phone Nancy Eigel-Miller at 800-950-8020 for more details.

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