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Metalworking equipment leasing and financing is on the rise.In the article "More Good Vibes for Heavy Metal" by Michael Arndt in Chicago, Daniel J. Meckstroth, chief economist at Manufacturers Alliance/MAPI, predicts U.S. capital spending on
equipment will increase 9.3%, adjusted for inflation, or more than twice as fast as the overall economy. Moreover, the weakened U.S. dollar should shift more orders to domestic producers. Taken together, that should support growth this year in 23 of the 24
industries that Manufacturers Alliance/MAPI monitors. Industrial machinery will expand by 8%, on top of 2004's 11% rise, Meckstroth adds, while metalworking machinery output should jump by 11% in 2005, more than double its 5% growth in 2004. |
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