The 2020 Mid-Year Economic Update_long

March Manufacturing Technology Orders Up 30.3% from February

Month's total of $399.8 million down 18.7 percent compared to March 2014.

March U.S. manufacturing technology orders totaled $399.8 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 30.3 percent from February’s $307 million but down 18.7 percent when compared to March 2014.

“There are many indications that our end-user customers are making significant investments in their manufacturing facilities to increase capacity, including GM’s announcement that it will invest billions in its U.S. plants," said Douglas K. Woods, AMT president. "Overall we expect the industry to hold steady with a push-pull between strong domestic investment in manufacturing but a drag on foreign trade due to the dollar’s strength."

Northeast Region

Northeast Region year-to-date manufacturing technology orders totaled $222.7 million, 11.8 percent more than the 2014 total at the same time.

North Central-East Region

North Central-East Region manufacturing technology orders in March totaled $116.8 million, up 56.1 percent from February’s $74.8 million and 41.7 percent lower than the March 2014 total. At $284 million, year-to-date orders are 22.9 percent less than in 2014 at the same time.

North Central-West Region

Year-to-date manufacturing technology orders in the North Central-West Region totaled $216.1 million, up 23.9 percent when compared with 2014 at the same time.

South Central Region

South Central Region year-to-date manufacturing technology orders totaled $84.9 million, down 51.9 percent from the comparable figure for 2014.

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