USMTO data is a leading economic indicator as manufacturing companies make capital investments in new metalworking equipment, to increase capacity and to improve their current performance.
USMTO data is a leading economic indicator as manufacturing companies make capital investments in new metalworking equipment, to increase capacity and to improve their current performance.
USMTO data is a leading economic indicator as manufacturing companies make capital investments in new metalworking equipment, to increase capacity and to improve their current performance.
USMTO data is a leading economic indicator as manufacturing companies make capital investments in new metalworking equipment, to increase capacity and to improve their current performance.
USMTO data is a leading economic indicator as manufacturing companies make capital investments in new metalworking equipment, to increase capacity and to improve their current performance.

US Machine Tool Orders Down 25% for April

June 13, 2016
U.S. manufacturers’ new orders of metal cutting and similar manufacturing technology totaled $284.10 million during April, -25.5% from March, and -27.5% from April 2015.

U.S. machine shops’ and other manufacturers’ new orders of metal cutting and similar manufacturing technology totaled $284.10 million during April, declining 25.5% from March, and falling 27.5% from the April 2015 result. The latest monthly total brings the year-to-date value of new machine tool orders to $1.23 billion, which is down 16.6% compared to the January-April 2015 report.

“The current conditions for manufacturing technology providers are a reflection of larger stagnation in manufacturing and the overall economy – some industries are performing well, and others
are struggling,” stated president of AMT – the Association for Manufacturing Technology.

AMT’s monthly U.S. Manufacturing Technology Orders report summarizes actual totals for machine tool orders reported by participating companies that produce and distribute metal-cutting and metal-forming and –fabricating equipment, including domestically manufactured and imported machinery and equipment.

The USMTO is used as a forward-looking indicator of manufacturing capital investment, as companies place orders for new equipment to increase capacity and to improve current capabilities.

As such, the “slow growth” pattern in most major U.S. industries has impacted the manufacturing technology sector in a sustained way.

“Automotive and aerospace, which mitigated the market decline for the last 15 months of the current downturn, continue to hold their own but they aren’t growing,” according to AMT’s Woods. “Some industries are growing, such as consumer electronics, firearms, and medical, but those represent only 12 percent of our overall market. Weakness continues in the oil and gas and construction/off-road industries.”

Read More


American Machinist is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.


Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!