September U.S. manufacturing technology orders totaled $647.63 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 77.3% from August and up 61.4% when compared with the total of $401.18 million reported for September 2013. With a year-to-date total of $3,738.72 million, 2014 is up 5.2% compared with 2013.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“We now have data to back up the anecdotal reports that IMTS was an exceptionally strong show. This is a great sign that manufacturers are eager to invest in equipment that will boost their productivity,” said Douglas K. Woods, AMT President. “But, Washington’s cooperation will be essential to continuing our momentum going forward. With the midterm elections just passed, Congress now must focus on passing tax extender legislation during the lame-duck session, and then taking on comprehensive tax reform once the new Congress convenes in 2015.”
The United States Manufacturing Technology Orders (USMTO) report, compiled by the trade association representing the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
NOTE: AMT – The Association For Manufacturing Technology’s intent is to always provide timely and accurate economic reports to our community. For this reason, we are making an adjustment to the USMTO report. Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
Northeast Region manufacturing technology orders in September totaled $115.94 million, up 84.9% from August’s $62.72 million and up 86.5% when compared with last September’s $62.17 million. The $614.09 million year-to-date total was up 3.4% when compared with 2013 at the same time.
At $356.43 million, the 2014 year-to-date total for Southeast Region manufacturing technology orders was 9.3% higher than the comparable figure for 2013.
North Central-East Region
September manufacturing technology orders in the North Central-East Region reached $133.90 million, up 46.6% from August’s $91.32 million and up 27.1% when compared with the $105.35 million total for September 2013. The 2014 year-to-date total of $983.23 million was 7.2% more than the 2013 tally at the same time.
North Central-West Region
North Central-West Region manufacturing technology orders in September stood at $136.76 million, a rise of 101.3% from August’s $67.95 million and up 85.2% when compared with the $73.85 million for September a year ago. The 2014 year-to-date total of $647.27 million was 1.4% less than the comparable figure for 2013.
The Association For Manufacturing Technology
AMT – The Association For Manufacturing Technology represents and promotes U.S.-based manufacturing technology and its members—those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing. Founded in 1902 and based in Virginia, the association specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis. AMT is the voice that communicates the importance of policies and programs that encourage research and innovation, and the development of educational initiatives to create tomorrow’s Smartforce. AMT owns and manages IMTS – The International Manufacturing Technology Show, which is the premier manufacturing technology event in North America. The USMTO report is compiled by AMT and all data in the report is based on the totals of actual data reported by companies participating in the USMTO program.
Have something to say? Share your thoughts with us in the comments below.