According to the Association for Manufacturing Technology (AMT), U.S. manufacturing technology orders were up in August, totaling $356.69 million. August totals are up 0.4 per cent from July but down 6.0 per cent when compared with the total of $379.26 million reported for August 2013. With a year-to-date total of $3,076.98 million, 2014 is down 2.4 per cent 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.
“U.S. manufacturing activity remains at a brisk pace, and especially encouraging for manufacturing technology orders was a recent uptick in durable goods orders, particularly in aerospace, automotive, and several other key industries,” said Douglas K. Woods, President, AMT-The Association For Manufacturing Technology. “There has also been good news in factory employment as more manufacturers add workers to their payrolls. With AMT’s Global Forecasting & Marketing Conference taking place this week in Detroit featuring some of the top industry analysts and economists, we believe we will be hearing more positive news from their forecasts for the manufacturing technology industry over the next few years.”
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.
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
Northeast Region
At $60.40 million, August manufacturing technology orders in the Northeast Region were down 2.1 per cent when compared with last August’s $61.69 million. The year-to-date total of $495.75 million was 6.8 per cent less than the equivalent figure for 2013.
Southeast Region
At $287.94 million, 2014 year-to-date manufacturing technology orders in the Southeast Region were 0.5 per cent higher than the comparable figure for 2013.
North Central-East Region
August manufacturing technology orders in the North Central-East Region stood at $87.42 million, down 4.2 per cent from July’s $91.25 million and down 11.5 per cent when compared with the $98.83 million tally in August 2013. The 2014 year-to-date total of $844.02 million was 4.0 per cent more than the 2013 total at the same time.
North Central-West Region
North Central-West Region manufacturing technology orders in August totaled $65.35 million, down 6.8 per cent when compared with the $70.12 million for August 2013. With a year-to-date total of $507.68 million, 2014 was off 12.9 per cent compared with 2013 at the same time.
South Central Region
Year-to-date manufacturing technology orders in the South Central Region totaled $482.12 million, 1.2 per cent less than the comparable figure for 2013.
For more information, visit www.AMTonline.org.
