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Industries & Professions /
Machining and Machinery
The state of the machining and machinery industry is closely tied to economic conditions, but even when the economy improves, as it did following the 2008 recession, there seems to be a lag time of about one year before the shipments and employment in the industry catch up. Industry analysts also say that economic uncertainty affects manufacturing executives who must decide whether to invest in new machinery. They cite several factors that may dim prospects for increased factory capital spending, including a crunch in credit that may shrink the money for capital loans that would be used to purchase new machinery.