Survey: manufacturing investments up; U.S. company spending plans indicate an economic...
A survey of U.S. companies shows that more than half will spend in excess of $1 million on new manufacturing technology in the next two years, and more than 25 percent will invest at least $5 million.
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"Manufacturing executives are expecting increased
The survey included 351 American manufacturers with annual revenues ranging from $500,000 to $19 billion.
All but a handful of the respondents said they planned to invest at some level in new equipment over the next two years. Faced with increasing customer pressure to lower costs, the manufacturers said they are counting on new technology to help increase productivity and drive down expenditures.
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