The 2020 Mid-Year Economic Update_long

Manufacturing Technology Orders Up 1.3% in January Year-Over-Year

Manufacturing technology orders down 25.2% from December.

January U.S. manufacturing technology orders totaled $365.1 million, according to the Association for Manufacturing Technology. This total was down 25.2 percent from December but up 1.3 percent when compared with January 2013.

“While monthly order totals are down from December, January is always a soft month and more so this year due to an unusually harsh winter. Overall the news for manufacturing remains positive, with an improving housing market and strong indicators for near-term capital investment,” said Douglas K. Woods, AMT president. “We are still optimistic for a strong 2014 and 2015 for manufacturing technology orders, especially as we move through an IMTS year.”

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
Manufacturing technology orders in the Northeast Region in January were up 7.8 percent when compared with January 2013.

Southeast Region
At $37.4 million, January Southeast Region manufacturing technology orders were down 17.8 percent from December’s $45.5 million but up 8.9 percent when compared with last January’s $34.3 million.

North Central-East Region
January manufacturing technology orders in the North Central-East Region totaled $92.8 million a 32.3 percent drop from December’s $137.1 million and 9.5 percent less than the $102.6 million for January 2013.

North Central-West Region
The North Central-West Region January 2014 manufacturing technology order total of $55.7 million was off 18.2 percent from the $68.1 million tallied in January 2013.

South Central Region
South Central Region manufacturing technology orders in January 2014 totaled $51.6 million.

West Region
Manufacturing technology orders in the West Region in January were up 11.5 percent from December and up 93.7 percent when compared with January a year ago.

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