Show expected to spark additional machine tool orders
The International Manufacturing Technology Show (IMTS 98), previously called the "Machine Tool Show," presents the world's most advanced manufacturing equipment, controls, computers, and software.
The International Manufacturing Technology Show (IMTS 98), previously called the "Machine Tool Show," presents the world's most advanced manufacturing equipment, controls, computers, and software. The new technology offerings are expected to light a spark under machine tool orders, which traditionally fall behind the annual pace in the months preceding the biannual show.
June U.S. machine tool consumption totalled an estimated $597 million, up 10% compared to May, but down 25% compared to June 1997. Orders for the first six months are down 8%, compared to 1997.
IMTS 98 is Sept. 9-16 in Chicago.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey