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Technology: The Secret Life of the American Factory
The USMTO reportrsquos threemonth moving average indicates the recent decline in manufacturing technology orders but the 12month average indicates more stability
The total volume of new orders has found occasional peaks since hitting 66747 million during September 2012 the last time IMTS was stage but the past 13 months have averaged just 4078 millionmonth for new orders
The threemonth trend showed stronger demand that AMT suggested will be sustained in the current cycle
The threemonth average for new orders supports AMT president Douglas K Woodsrsquo statement that ldquothe industry headed to the end of 2013 on a very strong noterdquo The 12month average is less encouraging for total machine tool sales in 2013
machine tool orders chart
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