Machinery Overview

October 2003
U.S. Industry Quarterly Review: Machinery & Equipment;2003 4th Quarter, p77
Industry Profile
Industry Overview
This article presents information on machinery industry. The future looks bright for machinery and equipment. On the domestic front, Corporate America is expected to respond to improving final demand, a rebound in profits, and attractive interest rates by further loosening the purse strings and returning long-delayed capital spending pro- grams to the front burner. Mining, oil field, and gas field machinery posted a strong increase in 2003, and we expect further strength in 2004-05 from both the domestic and export fronts. Material handling equipment took a big hit as manufacturers, wholesalers, and retailers slashed capital spending and nonresidential construction tumbled.


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