January Manufacturing Technology Orders Off | Automation.com

January Manufacturing Technology Orders Off

March 9, 2015 - January U.S. manufacturing technology orders totaled $341.17 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 32.9% from December’s $508.57 million and down 4.8% when compared with the total of $358.45 million reported for January 2014.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.

“To understand why we saw this drop in orders for January, December 2014 saw a sharp increase in sales. This was driven by many end-of-year orders that had been rushed through in order to qualify for tax rebate provisions that were enacted at the last minute for 2014,” said Douglas K. Woods, AMT President. “This is evidenced by the comparatively lower average order value seen in December vs. January, meaning that most

end-of-year orders were for less expensive, in-stock machines that could be shipped quickly. The decline wasn’t unexpected, and we still foresee the manufacturing economy keeping on a stable path.”

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.

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.

Did you Enjoy this Article?

Check out our free e-newsletters
to read more great articles.

Subscribe Now

MORE INDUSTRY NEWS

VIEW ALL

RELATED