The 2020 Mid-Year Economic Update_long

March Manufacturing Technology Orders Up 30% from February

Three out of six regions reported year-over-year gains.

March U.S. manufacturing technology orders were $507.9 million according to The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 30.4 percent from February and up 3.2 percent from March of last year. With a year-to-date total of $1.3 billion, 2013 is down 5 percent compared with 2012.

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

“When making a year-over-year comparison with these figures, it’s important to take into account just how strong 2012 was for our industry. Our members are doing much better than analysts projected in January,” said Douglas K. Woods, AMT President. “With vehicle sales and housing starts on the upswing, we can anticipate that gains in the consumer economy will also mean buoyancy for the industrial economy, and manufacturing will remain steady for the foreseeable future.” 

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

Northeast Region
Manufacturing technology orders in the Northeast Region in March were $72 million, up 31.8 percent from but down 3.2 percent when compared with March 2012. At $177.4 million, 2013 year-to-date is down 6.5 percent when compared with 2012 at the same time.

Southeast Region
Southeast Region manufacturing technology orders were $36.1 million in March, up 20.2 percent from February but 38.7 percent lower than the total for March 2012. The year-to-date total of $103.7 million is 21.1 percent lower than the comparable figure for 2012.

North Central-East Region
At $145.5 million, March manufacturing technology orders in the North Central-East Region were up 29.4 percent when compared February and up 19.1 percent when compared with March a year ago. With a year-to-date total of $363.9 million, 2013 is up 7.5 percent when compared with 2012 at the same time.

North Central-West Region
March manufacturing technology orders in the North Central-West Region were $105.9 million, 30.1 percent higher than February and up 21.4 percent from March 2012. At $259.5 million, the 2013 year-to-date total is 6.5 percent higher than the prior year.

South Central Region
March orders in the South Central Region were $66 million, 15 percent higher than February’s $57.4 million but down 18.4 percent when compared with March 2012. At $197 million, the 2013 year-to-date total is 27.9 percent less than the figure for 2012.

West Region
West Region manufacturing technology orders in March stood at $82.4 million, up 54.2 percent from February and 20.5 percent higher than March 2012.  The $176.7 million year-to-date total is 4.6 percent above the same period in 2012.

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