Merrill Remains Bullish On Capital Spending

June 6, 2006
Machine tools are not the U.S. economic bellwether they once were, but, says Merrill Lynch & Co., metalworking machine tools are among the American-made capital goods most in demand by foreign buyers. Other high-demand goods are generators, specialized ...

Machine tools are not the U.S. economic bellwether they once were, but, says Merrill Lynch & Co., metalworking machine tools are among the American-made capital goods most in demand by foreign buyers. Other high-demand goods are generators, specialized mining machinery, industrial machines, office business machines, aircraft, marine engines and railway transportation equipment, says the New York-based financial firm.

It's bullish on capital spending, forecasting a 10% increase in outlays this year and 8% next year. Last year capital spending rose 11%. This year's and next year's forecasts show "slowing," acknowledges Merrill, but are "hardly slow," it insists. Indeed, capital expenditures will account for 3.5% of GDP this year, just about what they did in 2005, believes Merrill.

Popular Sponsored Recommendations

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Learn How Manufacturers like 3M Cater to Digital Buyers to Increase Sales

Aug. 13, 2023
In this article, you'll learn how manufacturers can balance educating and guiding their buyers through their complex buying process with a digital first approach to product discovery...

Drive Industry 4.0 Results with Machine Learning

Aug. 9, 2023
Discover the key to smarter, faster, more cost-efficient growth.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!