Ready to grow? You should be. Grab your slitting and slotting saw and your slitting saw arbor and get working. The American manufacturing outlook is bright this year so you better grab sunglasses with your safety glasses.
Growth in GDP
The overall gross domestic product was initially expected to increase 2.5% in 2018. But with 6 months of growth under our collective belt, turns out GDP should grow 2.9% this year. That makes 3 years of consecutive growth. That’s even better than 2016. It could be higher, if the stock market is any indication. We are just days away from a record for number of days a bull market.
What this means for Manufacturing
Here is better news. Manufacturing should rise almost as much as GDP. This is the time to get your tools (know where you put your slitting saw blade and slitting saw arbor) and get to work. U.S. manufacturing is forecast to grow 2.8% this year. The Bureau of Labor Statistics is projecting job growth too. 20.5 million new jobs before 2020. Consumer spending and business investment are up too. That’s good news for manufacturing, too. There will be more health care spending. More spending in health care requires more medical supplies. In the US, mills and lathes are busy. Grab your accufeed to drill those small holes and your slitting saw blade and slitting saw arbor to make tiny cuts. Healthcare isn’t the only industry that needs you!
There will be an additional 2.1 million jobs in technology. If you can design and convert to G-code you are in high demand.
Growth in Defense and Aerospace Industries
You don’t need alien technology or work experience at Area 51 to get in on aerospace. Globally, aerospace and defense are expected to grow 4.1%. After their recent decline, this growth is welcome. There’s a backlog of civilian plane orders to clear. That’s going to require parts. Who is going to machine the parts? Let’s machine them in the U.S. The United States makes up half of aerospace global production. That’s a lot of work for machinists and machine shops. Are you ready?
Grow through Quality
It’s no secret, some of the most successful machine shops grow because they have a reputation for quality. If you’re going to machine for aerospace, defense, medical or other high-tech industries, you need precision and a commitment to perfection.
That type of quality requires the right equipment, the right machinist, and the right tools. Get quality tools at The Tool Company. Every slitting saw arbor, accufeed, kneestop, and general reach arbor we sell is made in the USA. We back them with a 5 year warranty. We’re ready to do our part to bring back the proud tradition of American manufacturing. Are you ready? Buy your slitting saw blade and slitting saw arbor and get to work!