October manufacturing technology orders fall
Although October U.S. manufacturing technology orders were down 6.2% from October 2013, the year-to-date numbers showed improvement over last year.
According to AMT – The Association For Manufacturing Technology, the October total of $417.80 million was down 35.0% from September. But at $4,150.41 million, the year-to-date total for 2014 is up 3.8% compared with 2013.
“As we move toward the end of 2014, we saw much of what we predicted for manufacturing technology orders through the year – low growth, but stability for order volume. The monthly drop from October isn’t unexpected, as since 1998 orders have dropped an average of 24% in any month following IMTS,” said Douglas K. Woods, president, AMT – The Association For Manufacturing Technology. “We continue to see growth in key industries, like automotive, medical, and aerospace. We believe the environment will stay ripe for capital equipment investment in 2015 and bring more good news for manufacturing overall.”
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
Northeast Region
At $671.19 million, the 2014 year-to-date total for Northeast Region manufacturing technology orders was 0.5% higher than the comparable figure for 2013.
Southeast Region
Year-to-date manufacturing technology orders for the Southeast Region totaled $390.43 million up 6.4% when compared with 2013 at the same time.
North Central-East Region
North Central-East Region manufacturing technology orders in October stood at $106.51 million, down 20.4% from September’s $133.80 million but up slightly when compared with the $106.33 million total for October 2013. The 2014 year-to-date total of $1,090.99 million was 6.6% higher than the 2013 total at the same time.
North Central-West Region
At $89.09 million, North Central-West Region manufacturing technology orders in October were off 32.9% from September’s $132.72 million and off 3.9% from the October 2013 total of $92.66 million. The 2014 year-to-date total of $730.68 million was 2.5% less than the comparable figure for 2013.
Watch the video below by AMT vice president of strategic analytics, Pat McGibbon, for his analysis of this month's numbers.
INDUSTRIAL SUPPLY MAGAZINE
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