A comprehensive analysis that projects planned 2012 capital expenditures on machinery and equipment ranging from cutting machines and ironworkers to press brakes and welding supplies is now available from the Fabricators & Manufacturers Association, Intl.
The 2012 Capital Spending Forecast provides insight into the purchasing intentions next year of leading fabricating and forming companies based on a survey of 1,212 executives. The report, which predicts a strong growth in 2012 purchases and pinpoints planned spending in a wide range of categories including equipment type, plant size and geographic regions, was prepared by FMA Communications (FMAC), the publishing division of FMA.
“Manufacturers of all sizes need to benchmark themselves against industry standards,” saysMark Hoper, FMA vice president of expositions and media. “To remain competitive, firms need to provide the best, fastest and most accurate services. For those thinking about investing in equipment, it’s important to know when the timing is right.
“This report provides for that benchmarking so manufacturers can make better decisions about investing in their businesses,” Hoper adds. “And, for the machinery and equipment suppliers, the data helps them focus their sales efforts more effectively.”
“The survey shows that every level of manufacturing – every size company in the industry – plans to make equipment purchases in the near future,” says Dr. Chris Kuehl, FMA economic analyst. “This is consistent with the data we’ve been tracking from the Advanced Durable Goods Orders, the Purchasing Managers Index and the Credit Managers Index.
“There is clear expectation of growth and, therefore, companies are preparing to handle that growth,” he notes.
The 2012 Capital Spending Forecast is available for purchase at the FMA Store (www.fmastore.org http://www.fmastore.org). The cost is $95 for FMA and Tube & Pipe Association Intl. members and $195 for non-members.