The 2020 Mid-Year Economic Update_long

Manufacturing Technology Orders Up 9.8% in April

Manufacturing technology orders up 3 percent year-to-date.

March U.S. manufacturing technology orders totaled $391.5 million, according to the Association for Manufacturing Technology. This total was down 20.4 percent from March but up 9.8 percent when compared with April 2013. With a year-to-date total of $1.6 billion, 2014 is up 3 percent compared with 2013.

“The manufacturing technology market is up 3% year-over-year thanks to March and April orders picking up the slack from the January and February weather-induced slowdown,” said AMT president Douglas K. Woods. “Indicators such as the purchasing managers’ index which surged forward in May and the optimism expressed by Oxford Economics in their spring update on our market suggest we are on track for strong 2014.”

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 $62.7 million, manufacturing technology orders in the Northeast Region in April were up 6.9 percent when compared with March’s $67.4 million.

Southeast Region
Year-to-date 2014 manufacturing technology orders in the Southeast Region through March totaled $150.5 million.

North Central-East Region
April manufacturing technology orders in the North Central-East Region totaled $99.5 million, down 50.3 percent from March’s $200.4 million and up 47.4 percent when compared with last April. At $470.4 million, year-to-date 2014 was up 11.9 percent from the comparable figure for 2013.

North Central- West Region
April manufacturing technology orders in the North Central-West Region totaled $64.9 million, down 3.2 percent from the April 2013 total of $67 million.

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