The 2020 Mid-Year Economic Update_long

February Manufacturing Technology Orders Up 5.7% from January

Orders were down 10.6 percent from February 2012.

February U.S. manufacturing technology orders were $385.89 million according to The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 5.7 percent from January but down 10.6 percent when compared with $431.63 million in February 2012. With a year-to-date total of $750.94 million, 2013 is down 11.9 percent compared with 2012.

These numbers are based on data reported by companies participating in the USMTO program.

“A year-to-date decline in orders compared to 2012 is in line with expectations we had for a slight slowdown in the first two quarters of 2013, though second-half growth is expected to offset the slump," said AMT President Douglas K. Woods. "This is in line with our economists’ predictions that orders for 2013 will stay relatively flat compared to 2012,” he said.

The U.S. Manufacturing Technology Orders 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 six geographic breakdowns of the U.S.

Northeast Region
At $53.3 million, February manufacturing technology orders in the Northeast Region were up 7.7 percent when compared with $49.5 million for January but down 4.5 percent when compared with February a year ago. With a year-to-date total of $102.79 million, 2013 is down 10.9 percent when compared with 2012 at the same time. 

Southeast Region
Manufacturing technology orders in the Southeast Region were $29.43 million, down 17.9 percent from January and down 36.1 percent from February 2012. At $65.27 million, 2013 year-to-date is off 10 percent when compared with the 2012 figure for the same period.

North Central-East Region
North Central-East Region manufacturing technology orders were $111.92 million in February, up 17.4 percent from January and up 8.7 percent from February 2012. The year-to-date total of $207.29 million is 4.2 percent less than the comparable figure for 2012.

North Central-West Region
At $80.22 million, orders in the North Central-West Region were up 12.7 percent when compared with January but 1.9 percent less than February 2012. The 2013 year-to-date total of $151.36 million is down 3.2 percent from the same period in 2012.

South Central Region
February manufacturing technology orders in the South Central Region were $58.5 million, 19.8 percent less than January’s $72.96 million and down 37.6 percent from February 2012. At $131.46 million, the 2013 year-to-date total is 31.3 percent less than the comparable figure for 2012.

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