Summer Economic Outlook: What lies ahead for US spending on manufacturing technology

What lies ahead for US spending on manufacturing technology?   Industry production and orders have remained high but rising risks to growth threaten the prospects for 2023.  How long will the higher inflation persist, and how far will interest rise?   Which industries will respond, and what impacts can we expect on their spending?

Mark Killion, CFA, Director of US Industry for Oxford Economics, will outline the forecast for machine tools and the manufacturing sector, connecting sources of global demand and highlighting potential challenges on the horizon for producers and consumers of manufacturing technology.