Manufacturing technology orders up 3% year-to-date
April U.S. manufacturing technology orders totaled $391.53 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down
20.4% from March but up 9.8% when compared with the total of $356.52 million reported for April 2013. With a year-to-date total of $1,620.83 million, 2014 is up 3.0% 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.
“The manufacturing technology market is up 3% year-over-year thanks to March and April orders picking up the slack from the January and February weather-induced slowdown,” said Douglas K. Woods, AMT President. “Indicators such as the Purchasing Managers’ Index which surged forward in May and the optimism expressed by Oxford Economics in their spring update on our market suggest we are on track for strong 2014.”
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 $62.72 million, manufacturing technology orders in the Northeast Region in April were down 6.9% when compared with the $67.39 million tally for March and down 10.6% from the total for April 2013.
Southeast Region
Year-to-date 2014 manufacturing technology orders in the Southeast Region through April totaled $150.47 million, 16.6% more than the comparable figure for 2013.
North Central-East Region
April manufacturing technology orders in the North Central-East Region totaled $99.57 million, down 50.3% from March’s $200.41 million but up 47.4% when compared with last April. At $470.74 million, year-to-date 2014 was up 11.9% when compared with 2013 at the same time.
North Central-West Region
April manufacturing technology orders in the North Central-West Region totaled $64.90 million, 3.2% less than the April 2013 total of $67.07 million.
