U.S. manufacturing continued to roll in 2017. Want proof? Look no further than Toyota Motor Corp. In September, the world’s largest automaker announced that it will invest $374 million at five U.S. factories.
Overall, 2016 has been a pretty good year for U.S. manufacturing. In every industry covered by ASSEMBLY magazine, manufacturers were investing in people, plants and equipment.
WASHINGTON—Orders for U.S. business equipment climbed in October for the fourth month in the last five, indicating corporate investment may be starting to thaw.
WASHINGTON—Investment in equipment and software is expected to grow 5 percent in 2015, according to the latest economic outlook released by the Equipment Leasing & Finance Foundation.
WASHINGTON—U.S. sales of machine tools totaled $647.63 million in September. That’s up 77 percent from August 2014 and up 61 percent from September 2013. Through the first nine months of this year, U.S. sales of machine tools total more than $3.73 billion, an increase of 5.2 percent compared with 2013.
WASHINGTON—Spending on construction or renovation of factories is up 12 percent in 2014, compared to being virtually flat in 2013, according to Census Bureau figures.
WASHINGTON—U.S. sales of machine tools totaled $437.79 million in November, an increase of 0.6 percent from October and up 20.7 percent compared with November 2012.
Economic activity in the manufacturing sector expanded in October for the fifth consecutive month, and the overall economy grew for the 53rd consecutive month, according to the latest data from the Institute for Supply Management.