Press Release Summary:
Available from FMA, 2012 Capital Spending Forecast provides insight into next year's purchasing intentions of fabricating and forming companies, based on survey of 1,212 executives. Report predicts strong growth in 2012 purchases and pinpoints planned spending in categories that include equipment type, plant size, and geographic regions. According to FMA economic analyst Dr. Chris Kuehl, survey shows "every level of manufacturing...plans to make equipment purchases in the near future."
Original Press Release:
Fabricators & Manufacturers Association Offers 2012 Capital Spending Forecast
ROCKFORD, IL - 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. (FMA).
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," said Mark 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 added. "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," said 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 said.
The 2012 Capital Spending Forecast is available for purchase at the FMA Store (www.fmastore.org). The cost is $95 for FMA and Tube & Pipe Association, Intl., members and $195 for non-members.
Based in Rockford, Ill., the Fabricators & Manufacturers Association, Intl. (FMA), is a professional organization with nearly 2,300 members working together to improve the metal fabricating and forming industry. Founded in 1970, FMA brings metal fabricators and fabricating equipment manufacturers together through technology councils, educational programs, networking events, and the FABTECH trade show.
FMA also has two technology affiliates, the Tube & Pipe Association, International (TPA), which focuses on the unique needs of companies engaged in tube and pipe producing and fabricating; and Green Manufacturer Network, a professional organization of individual members dedicated to working toward environmentally-friendly manufacturing.
Visit www.fmanet.org for more information.