Manufacturing technology orders up 13.6% in May
July 9, 2013 - May U.S. manufacturing technology orders totaled $430.06 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 13.6% from April but down 7.6% when compared with the total of $465.38 million reported for May 2012. With a year-to-date total of $2,085.14 million, 2013 is down 6.9% 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.
“A rise in U.S. manufacturing technology orders is welcome as we move into the summer months, which are typically soft. New technologies are creating change in automotive production, while many aerospace manufacturers are making shifts within their supply chains,” said Patrick W. McGibbon, AMT Vice President - Industry Intelligence. “Contract machining is also seeing growth thanks to the cost advantages of manufacturing within the U.S. Meanwhile, foreign direct investment within the U.S. continues to increase, and all of these factors are contributing to new capital investment within manufacturing.”
The United States Manufacturing Technology Orders (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.
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
Northeast Region manufacturing technology orders in May stood at $71.56 million, down slightly from the April total of $72.25 million but 5.1% higher than the figure for May 2012. The $322.59 million year-to-date total is 2.1% lower than the total for the same period in 2012.
Manufacturing technology orders in the Southeast Region in May totaled $43.57 million, up 23.7% when compared with April’s $35.23 million and level with the May 2012 total. At $183.51 million, 2013 year-to-date is 12.4% less than total for 2012 at the same time.
North Central-East Region
North Central-East Region manufacturing technology orders totaled $100.46 million in May, up 36.0% from the $73.89 million total for April but 29.5% less than the total for May 2012. The year-to-date total of $537.92 million is 8.8% lower than the comparable figure for 2012.
North Central-West Region
At $73.46 million, May manufacturing technology orders in the North Central-West Region were down slightly when compared with the $73.61 million total for April and down 16.1% when compared with May a year ago. With a year-to-date total of $407.25 million, 2013 is down 0.5% when compared with 2012 at the same time.
South Central Region
May manufacturing technology orders in the South Central Region totaled $65.29 million, 9.9% more than April’s $59.42 million and up 6.5% when compared with the May 2012 figure. At $320.22 million, the 2013 year-to-date total is 23.8% less than the comparable figure for 2012.
May manufacturing technology orders in the West Region totaled $75.72 million, 18.0% higher than April’s $64.17 million and up 20.6% when compared with the total for May 2012. With a year-to-date total of $313.65 million, 2013 is up 11.6% when compared with 2012 at the same time.
The Association For Manufacturing Technology
AMT – The Association For Manufacturing Technology represents and promotes U.S.-based manufacturing technology and its members—those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing. Founded in 1902 and based in Virginia, the association specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis. AMT is the voice that communicates the importance of policies and programs that encourage research and innovation, and the development of educational initiatives to create tomorrow’s Smartforce. AMT owns and manages IMTS – The International Manufacturing Technology Show, which is the premier manufacturing technology event in North America. The USMTO report is compiled by AMT and all data in the report is based on the totals of actual data reported by companies participating in the USMTO program.
MORE INDUSTRY NEWS
Siemens receives TÜV SÜD certification at 7 German sites
The TÜV SÜD certificate is based on the standard IEC 62443-4-1. This standard includes security-relevant requirements such as capabilities and...
Valin announces acquisition of Thermal Solutions of Texas
The acquisition expands Valin’s process heating portfolio and was made effective on August 15, 2016. Thermal Solutions of Texas provides service...
Industrial Wireless Sensor Network Market
Industrial Wireless Sensor Network Market to Grow at a CAGR of 14.95% during 2016-2020
VDMA: Germany sees record machine vision sales in 2015
In 2015, the German machine vision industry achieved record sales of 2 billion euros – a rise of 9 percent compared to the previous year. Sales...
Global Mobile Robotics Market To Expand At 12.21% CAGR Between 2016 And 2020 Owing To Burgeoning...
MarketResearchReports.biz has announced the addition of a report, title “Global Mobile Robotics Market 2016-2020” report to its database.
SKF automates factory with Egemin automated storage system
With the new system, SKF can organize the logistics of its bearings, lubricants and seal products more efficiently and economically. The completed...
Axiom automates B2C Europe with 100 destination packet mail sorter
The new sorter has automated B2C Europe's parcel and pack sortation, enabling the company to sort up to 8,000 packets an hour. This has given the...
KEEN footwear chooses ABB Robotics to automate shoe manufacturing
The UNEEK Robotic Cell features two ABB IRB 120 robots weaving the interlocking cords of the shoe’s upper portion. The robotic cell can produce a...
Keeping Industrial Automation Fit and Healthy
By Jonathan Wilkins, EU Automation
discusses how this new development helps bring legacy systems forward.
Best Industrial Networking Practices of Machine Vision Systems
In order to provide smooth production processes with critical machine vision applications, building a rugged Ethernet network is...