The 2020 Mid-Year Economic Update_long

Manufacturing Technology Orders Up 2.9% in March

Manufacturing technology orders up 0.9 percent year-to-date.

March U.S. manufacturing technology orders totaled $492.8 million, according to the Association for Manufacturing Technology. This total was up 38.5 percent from February and up 2.9 percent when compared with March 2013. With a year-to-date total of $1.2 billion, 2014 is up 0.9 percent compared with 2013.

“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 AMT president Douglas Woods. “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 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
At $67.5 million, manufacturing technology orders in the Northeast Region in March were up 5.5 percent when compared with February’s $64 million.

Southeast Region
Year-to-date 2014 manufacturing technology orders in the Southeast Region through March totaled $106.1 million.

North Central-East Region
March manufacturing technology orders in the North Central-East Region totaled $200.3 million, up 145.1 percent from February’s $81.8 million and up 42.2 percent when compared with last March. At $370.2 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 $179.1 million.

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