Featured Image

MTForecast Conference Brings Clarity to Manufacturing’s Economic Outlook

To help support better economic analysis and sales forecasting for manufacturing technology companies, AMT – The Association For Manufacturing Technology is gathering economists to share data and insights at MTForecast, held Oct. 12-14 in St. Louis.
Sep 26, 2022

Fluctuations in the manufacturing industry often leave technology providers wondering where the market is headed. Recession, inflation, and changing customer demands are all impacting the economy domestically and globally. To help clear up the confusion, AMT – The Association For Manufacturing Technology is gathering key economists to share data and insights at MTForecast, held Oct. 12-14 in St. Louis.

In support of better economic analysis and sales forecasting, MTForecast 2022 provides the opportunity to learn about different industry areas and turning data into intelligence for better business decisions.

“Manufacturing tech companies look to AMT to explain what's going on in the market, which is what we’ll do at MTForecast 2022,” says Chris Downs, Director of Audience Development at AMT. “Top economists will provide a realistic forecast with the straight facts to eliminate any confusion and indicate sales opportunities to capitalize on in the next couple years.”

MTForecast speaker Mark Killion, CFA, Director of US Industries at Oxford Economics, will focus on U.S. and global manufacturing and related sectors to describe the expected impacts on their profits and investment. Killion helps clients translate complex information and views into actionable strategies for capital allocation, investment rotation, and risk management.

“The key to successful business planning for the upcoming year is finding growth in a slowing economy,” Killion says. “Overall, most industries are experiencing a slowdown in growth rates, yet there are still some pockets of relatively higher growth than others. At MTForecast, we'll focus on those growth areas, look at the sources of demand, and determine how they will impact the manufacturing industry.”

Speaker Mike Ryan, Economics Director at S&P Global Market Intelligence, advises business executives on their competitive positioning and strategic planning using advanced analytics.He collects data from sources in business, finance, and government to strategically analyze industry investment opportunities and assess competitive positioning to make smarter capital allocation decisions.

“I’m cautiously optimistic about U.S. manufacturing because there are several factors at play, including the need for supply chain reliability to support reshoring, America’s energy competitiveness versus Europe and Japan, strong fiscal and policy support for high tech, and China’s waning wage advantage,” Ryan says.

Charles Gascon, Senior Economist in the Research division at the Federal Reserve Bank of St. Louis, will be an additional speaker at MTForecast 2022. Gascon analyzes economic conditions nationally and in the Eighth Federal Reserve District. He reports on regional economic conditions to the Bank president and staff economists prior to Federal Open Market Committee (FOMC) meetings.

For more details about MTForecast and to register to attend, visit the website.

PicturePicture
Author
Mark Killion, CFA
Director of US Industries
Recent intelligence News
Charting Where We Have Been and What May Lie Ahead.
If this were a movie, you might want to head for the exit. But sticking around – which may not be easy – can be rewarding.
Given the recent election, it seems timely to build upon some of this analysis by examining what effect, if any, elections may have on machinery orders, as measured by the U.S. Manufacturing Technology Orders Report published ...
We all know that economically things are at a high level of uncertainty. Inflation, interest rate increases, continuing supply chain snags, rising material costs, employment challenges. I’m not telling you anything that you don’t know ...
Despite a mild recession next year, 2023 does offer opportunities for U.S. machine tools. Learn more from economist Mark Killion, a speaker at the recent MTForecast conference.
Similar News
undefined
Intelligence
By Gary Vasilash | Nov 30, 2022

If this were a movie, you might want to head for the exit. But sticking around – which may not be easy – can be rewarding.

10 min
undefined
Technology
By Stephen LaMarca | Nov 25, 2022

If you manufacture it, Gen Z will come. Two-photon lithography. SI units have officially been expanded. Is the infinite cloud just smog? Coming up: engineering workforce webinar.

5 min
undefined
Technology
By Benjamin Moses | Nov 18, 2022

Challenges faced by manufacturers. No more greasing ball bearings??? In-field inspection. Making additive more better. Automating customers.

5 min