The 2020 Mid-Year Economic Update_long

February U.S. Manufacturing Technology Orders Up 9.3% from January

Year-over-year, manufacturing technology orders rose 35.2 percent.

February U.S. manufacturing technology orders were $444.06 million according to the Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 9.3 percent from January and up 35.2 percent when compared with the total of $328.44 million reported for February 2011.

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These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.

"Manufacturing technology orders are off to their best start since 1998," said AMT President Douglas K. Woods. "U.S. manufacturers continue to seek increases in productivity through automation and innovative technologies to increase their global competitiveness."

The United States Manufacturing Technology Orders (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. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.

U.S. manufacturing technology orders are also reported on a regional basis for five geographic breakdowns of the U.S.

Northeast Region
Northeast Region manufacturing technology orders totaled $53.14 million in February, 5.7 percent less than the $56.34 million total for January and 3.7 percent less than the total for February 2011.

Southern Region
At $53.30 million, February manufacturing technology orders in the Southern Region were up 45.2 percent when compared with the $36.71 million total for January and up 54.2 percent when compared with February a year ago.

Midwest Region
February manufacturing technology orders in the Midwest Region totaled $164.43 million, 14.1 percent more than January’s $144.14 million and up 46.6 percent when compared with the February 2011 figure.
Central Region
Central Region manufacturing technology orders in February stood at $132.21 million, 1.9 percent more than the January total of $128.82 million and 32.2 percent higher than last February’s total.
Western Region
Manufacturing technology orders in the Western Region in February totaled $41.99 million, up 4.1 percent from January’s $40.32 million and up 53.7 percent when compared with the February 2011 figure.

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