October U.S. manufacturing technology orders totaled $417.80 million, according to The Association For Manufacturing Technology. This total, as reported by companies participating in the United States Manufacturing Technology Orders program, was down 35 percent from September and down 6.2 percent when compared with the total of $445.64 million reported for October 2013. With a year-to-date total of $4,150.41 million, 2014 is up 3.8 percent compared with 2013.
“As we move toward the end of 2014, we saw much of what we predicted for manufacturing technology orders through the year—low growth, but stability for order volume,” said AMT President Douglas K. Woods. “The monthly drop from October isn’t unexpected, as since 1998 orders have dropped an average of 24 percent in any month following IMTS (International Manufacturing Technology Show). We continue to see growth in key industries, like automotive, medical, and aerospace. We believe the environment will stay ripe for capital equipment investment in 2015 and bring more good news for manufacturing overall.”
The USMTO report provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
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Northeast
At $671.19 million, the 2014 year-to-date total for Northeast manufacturing technology orders was 0.5 percent higher than the comparable figure for 2013.
Southeast
Year-to-date manufacturing technology orders for the Southeast totaled $390.43 million up 6.4 percent when compared with 2013 at the same time.
North Central-East
North Central-East manufacturing technology orders in October stood at $106.51 million, down 20.4 percent from September’s $133.80 million, but up slightly when compared with the $106.33 million total for October 2013. The 2014 year-to-date total of $1,090.99 million was 6.6 percent higher than the 2013 total at the same time.
North Central-West
At $89.09 million, North Central-West manufacturing technology orders in October were off 32.9 percent from September’s $132.72 million and off 3.9 percent from the October 2013 total of $92.66 million. The 2014 year-to-date total of $730.68 million was 2.5 percent less than the comparable figure for 2013.
