One of the most important — yet least widely known — sectors of the global economy is in the beginnings of a rebound.
It’s called the machine tool industry. It’s the backbone of manufacturing. Machine tools cut, grind and shape metal to make components for machines. Machine tools include things like lathes, milling machines and drill presses. These tools make the parts that go into everything from networking equipment to medical devices.
Finally some good economic news! I visited with a customer yesterday that manufactures parts for a variety of different heavy manufacturing industries. And he was smiling.
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