Last December, President Trump signed the Tax Cuts and Jobs Act into law. The largest shake-up to the federal tax code in more than 30 years, the law includes myriad changes that will benefit manufacturers.

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.

With automotive and aerospace manufacturing going strong, our annual Capital Equipment Spending Survey predicts continued growth in investment.

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.

With the automotive and aerospace industries humming, our annual Capital Equipment Spending Survey predicts robust growth in investment.

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.