Manufacturing Technology Orders Rise in March
AMT reports manufacturing technology orders are up 38.5 percent from February and up 2.9 percent compared to the report of March 2013.
Posted: May 13, 2014
March U.S. manufacturing technology orders totaled $492.78 million according to AMT – The Association For Manufacturing Technology (AMT; McLean, VA). This total, as reported by companies participating in the USMTO program, was up 38.5 percent from February and up 2.9 percent, when compared with the total of $479.04 million reported for March 2013. With a year-to-date total of $1,228.60 million, 2014 is up 0.9 percent 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.
“As these figures indicate, along with strong readings for the PMI, durable goods orders, and motor vehicle sales, manufacturing continues to be a leader in economic growth,” said Douglas K. Woods, the AMT president. “It’s noteworthy that this was the strongest month for orders since September 2012, an IMTS month, though order delays caused by a harsh winter certainly interrupted the flow of business at the start of the year. As we head toward IMTS 2014, we expect continued expansion through the rest of this year and likely into 2015.”
The United States Manufacturing Technology Orders (USMTO, McLean, VA) 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.
AMT’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: At $67.49 million, manufacturing technology orders in the Northeast Region in March were up 5.5 percent when compared with February’s $63.96 million.
Southeast Region: Year-to-date 2014 manufacturing technology orders in the Southeast Region through March totaled $106.13 million.
North Central-East Region: March manufacturing technology orders in the North Central-East Region totaled $200.33 million, up 145.1 percent from February’s $81.75 million and up 42.2 percent when compared with last March. At $370.20 million, year-to-date 2014 was up 4.8 percent from the comparable figure for 2013.
South Central Region: Year-to-date 2014, manufacturing technology orders in the South Central Region through March totaled $179.07 million.
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