Manufacturing Technology Orders Slow Down

October U.S. manufacturing technology orders totaled $417.8 million, according to AMT – The Association For ManufacturingTechnology (McLean,VA). This total, as reported by companies participating in the USMTO program, was down 35 percent from September and down 6.2 percent when compared with the total of $445.6 million reported for October 2013. With a year-to-date total of $4,150.4 million, 2014 is up 3.8 percent compared with 2013.

“As we move toward the end of 2014, we saw much of what we predicted for manufacturing technology orders through the year, low growth, but stability for order volume. The monthly drop from October isn’t unexpected because, since 1998, orders have dropped an average of 24 percent in any month following IMTS,” said Douglas K. Woods, the president of AMT. “We continue to see growth in key industries, like automotive, medical, and aerospace. We believe the environment will stay ripe for capital equipment investment in 2015 and bring more good news for manufacturing overall.”

http://youtu.be/vohT1c5HSykAMT vice president and strategic analyst Pat McGibbon comments on USMTO numbers and the manufacturing technology market in the U.S.

AMT’s intent is to always provide timely and accurate economic reports to our community. For this reason, in October we began 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.

Both Patrick McGibbon and Douglas Woods are available for further comment on USMTO and its importance as a leading economic indicator.

www.amtonline.org