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The state of manufacturing from Peter Borden
I don't think I'll shock you when I say that the statistics today are not anything to write home about, but here's an excerpt from the report that contains the numbers for February. You can see it and other economic data such as exchange rates, the PMI (Purchasing Index), etc. While this must be accessed by a Member's section, your local Hartwig salesman canshow this to you. Manufacturing technology consumption down 66.2% year-to-date There are still some bright spots out there in farm manufacturing, oil and gas, some defense areas, some aerospace parts (such as composites), and very large prismatic parts and orthopedic devices. I hope you're in some of these. We're all waiting to find out "when will it come back." Some have suggested that we have bottomed out; but I think the optimism and confidence factors are perhaps the important drivers. It will get better, it always does. Yes, I would say that if you have the need and the cash flow, it's a great time to invest in new technology that will pay dividends in the next several years!
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AMTDA, The American Machine Tool Distributors Association, was founded in 1925 to assist local dealers of machine tools, such as Hartwig, by providing statistics, education for employees and customers (such as our Certification Program), and networking opportunities between builders and distributors. Until 18 months ago, I was a distributor and importer of machines in Cincinnati and I saw the opportunity at AMTDA as a way to help the association provide more programs that distributors could use, as well as to give back to an industry that had been wonderful to me. We have about 350 member companies. You can find us at Hartwig is offering a chance to learn more about your machine tools! |
