Manufacturing shifts into high gear; spurs equipment investment
U.S.--The manufacturing sector in the U.S. has reached the highest rate of growth in more than four years, according to ‘Shifting Into High Gear’, an industry report released by Brown Gibbons Lang & Company (BGL).
The BGL Industrials Insider, available online, highlights the expansion in the U.S. manufacturing sector for the 17th consecutive month. In fact, virtually all manufacturing industries expanded in the month of October, with strong demand and growth, and with new orders cited.
An expanding U.S. manufacturing sector is spurring investment in capital equipment and benefiting suppliers of industrial components. Key drivers of future equipment demand will be the replenishment of aging fleets, a recovering non-residential construction market, and increased investment in civil and energy infrastructure.
Private equity is betting on the continued revival of the U.S. manufacturing economy, evidenced by increased investment in industrial companies, among them manufacturers of custom precision gears and engineered drive solutions where M&A activity is on the rise.
BGL publishes several Insider reports annually. The middle market investment banking firm based in Cleveland, OH, and Chicago, IL, releases reports on a variety of industries including automotive; consumer products; building products and construction materials; energy and environmental services; healthcare and life sciences; industrials; metals; and plastics and packaging.
To read the report, click here.