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Report: US manufacturing shifting into high gear

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Report: US manufacturing shifting into high gear

BGL report shows manufacturing expansion across all industries.

The manufacturing sector in the United States has reached the highest rate of growth in more than four years, according to an industry report released by middle market investment bank Brown Gibbons Lang & Company.

The BGL Industrials Insider 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."

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 nonresidential 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.

For the full report, click here.

 

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