Industries & Professions /
Machining and Machinery
The state of the machining and machinery industry is closely
tied to economic conditions. However, even when the economy
improves as it did in the latter part of the 1990s, there seems to
be a lag time of about one year before machine tool shipments
reflect that improvement. Also, industry analysts say that
uncertainty has started to affect manufacturing executives who are
deciding whether to invest in new machinery. They cite several
factors that are dimming prospects for increased factory capital
spending. These include an emerging crunch in credit, which is
shrinking the money available for capital loans that would be used
to purchase new machinery.
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