MT Magazine November/December 2022

What the numbers say about capital spending as we move into a possible recession.

ECONOMY

Data provided in partnership with Gardner’s Capital Spending Survey.

70% BUSINESS R&D SPENDING

Capital spending is projected to decrease for machine tools but increase for both cutting tools and workholding into 2023.

0% ORTS

TED CUTTING TOOL NG BY INDUSTRY

PROJECTED WORKHOLDING SPENDING BY INDUSTRY

34.2%

28.9%

11.1%

25.4%

3% 2%

9.0%

6.0% 6.0%

% %

4.7%

4.1% 4.0%

1.8% 1.6%

% 20.0% 30.0% 40.0%

0.0% 10.0% 20.0% 30.0% 40.0%

OOL CAPITAL SPENDING

PROJECTED WORKHOLDING CAPITAL SPENDING $3,900,000,000

$3,700,000,000

$3,500,000,000

$3,300,000,000

$3,100,000,000

$2,900,000,000

$2,700,000,000

$2,500,000,000

2018 2019 2020 2021

2022 2023

2020 2021

2022 2023