U.S. manufacturing technology orders in November totaled $378.06 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 15.5% from October and down 14.5% when compared with the total of $442.01 million reported for November 2013.
Despite the monthly dip, with a year-to-date total of $4,556.60 million, 2014 is up 2.6% compared with 2013.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“Despite a downward monthly trend in manufacturing technology orders, we remain bullish on the U.S. industry market overall, with robust factory production and strong performance in the automotive sector,” said Douglas K. Woods, AMT President.
“Many manufacturers took a ‘pause’ in November to assess the challenges from the previous few months, such as contraction in China, Europe and Russia, less activity from the oil and gas industry due to the dramatic drop in prices and perhaps a little bit of the ‘IMTS Effect’ pulling some sales forward.
Overall, however, we anticipate 2015 to be another year of positive growth, with manufacturing leading the U.S. economy.”
The USMTO 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.
Southeast Region November manufacturing technology orders in the Southeast Region totaled $48.66 million, up 37.7% when compared with October’s $35.35 million. At $439.88 million, 2014 year-to-date orders were 8.1% more than the comparable figure for 2013.
North Central-East Region North Central-East Region manufacturing technology orders in November stood at $94.07 million, down 20.7% from October’s $118.68 million and down 24.6% when compared with the $124.72 million total for November 2013. The 2014 year-to-date total of $1,197.81 million was 4.3% higher than the 2013 total at the same time.
North Central-West Region At $68.29 million, North Central-West Region manufacturing technology orders in November were off 27.1% from October’s $93.66 million. The 2014 year-to-date total of $802.81 million was 2.5% less than the comparable figure for 2013.
- South Central At $63.20 million, November manufacturing technology orders in the South Central Region were off 3.4% when compared with last November’s $65.42 million. At $714.15 million, 2014 year-to-date orders were running 5.9% ahead of 2013 at the same time.