The 2020 Mid-Year Economic Update_long

August Manufacturing Technology Orders Up From July

Manufacturing technology orders down 6 percent year-over-year.

August U.S. manufacturing technology orders totaled $356.69 million according to The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 0.4 percent from July but down 6 percent 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 percent compared with 2013.

“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 AMT President Douglas Woods. “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 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.

Northeast Region

Year-to-date manufacturing technology orders in the Northeast Region through August totaled $495.75 million, off 6.8 percent when compared with 2013 at the same time.

Southeast Region

At $287.94 million, 2014 year-to-date manufacturing technology orders in the Southeast Region were up 0.5 percent when compared with the total for 2013 at the same time.

North Central-East Region

July manufacturing technology orders in the North Central-East Region totaled $87.42 million, down 4.2 percent from July’s $91.25 million and down 11.5 percent when compared with the $98.83 million figure for August 2013. With a year-to-date total of $844.02 million, 2014 was 4 percent higher than the 2013 total at the same time.

South Central Region

Year-to-date orders for the South Central Region totaled $482.12 million, 1.2 percent less than the comparable figure for 2013.

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