U.S. Manufacturing Technology Orders Up in September - Modern Distribution Management

Log In

U.S. Manufacturing Technology Orders Up in September

Year-to-date, orders were up 5.4 percent.
Author
Date

September U.S. manufacturing technology orders totaled $403 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 6.1 percent from August orders and down 25.6 percent from September 2016 order level.

With a year-to-date total of $3,184.7 million, 2017 was up 5.4 percent when compared with 2016.

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 rough edges of the recovery continued to expose themselves. Aerospace and medical equipment, chief contributors to new capital equipment investment over the past eight months, were down 26 percent and 40 percent respectively from August. Order activity from the automotive industry had been weak during the third quarter but rose 11 percent in September, surprising some analysts who had expected auto orders to remain weak till December.

“While there is recovery in market conditions for manufacturing technology, it’s at a more gradual pace than typically seen due to a sentiment of caution around manufacturing,” said Doug Woods, president of AMT – The Association For Manufacturing Technology. “Manufacturers are concerned about Washington’s impact on economic growth and pace of technological change, as well as the general evolution in technology. It is necessary for companies to invest in current technologies to stay competitive, but they’re doing so at a moderate pace.”

Regionally, the North Central West, Southeast and Northeast regions as reported by USMTO benefited from strong activity in contract machining shops, forging and stamping, automotive, and consumer electronics. Notably, orders from the consumer electronics and computers sector were up 132 percent nationally. The West region also saw gains in September, driven by contract machining shops and regional activity in aerospace.

The key leading indicators for manufacturing technology are positive and AMT analysis suggests an acceleration in order activity at the close of 2017. AMT staff are available to provide further insight on economic and technology trends for the manufacturing industry.

For more detail on U.S. manufacturing technology orders, including data on a regional basis for six geographic breakdowns, download the PDF below.

 

Click Here


Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.