Manufacturing Technology Orders were reported up 13.6% in May.
Share:
Press Release Summary:
AMT's United States Manufacturing Technology Orders (USMTO) Report shows $430.06 million total for May. With year-to-date total of $2,085.14 million, 2013 is down 6.9% compared with 2012. AMT's Patrick W. McGibbon commented that "New technologies are creating change in automotive production, while many aerospace manufacturers are making shifts within their supply chains." McGibbon also attributed growth to cost advantages of manufacturing within USA and foreign direct investment.
Original Press Release:
Manufacturing Technology Orders up 13.6% in May
The attached news release provides details on May U.S. manufacturing technology orders which totaled $430.06 million according to AMT - The Association For Manufacturing Technology. With a year-to-date total of $2,085.14 million, 2013 is down 6.9% compared with 2012.
“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.”
Both Patrick McGibbon and AMT President Douglas Woods is available for further comment on USMTO and its importance as a leading economic indicator.
Mary Uhrina
Media Relations for AMT – The Association For Manufacturing Technology
630-240-3139
USMTO Report FAQs
What is the USMTO Report?
The United States Manufacturing Technology Orders (USMTO) Report, measures manufacturing technology net new orders every month based on gross order and cancellation data collected from America’s distributors and builders of manufacturing technology. The report provides national U.S. consumption data of domestic and imported machine tools and related equipment, as well as on a regional basis for five geographic breakdowns of the United States. These orders include both domestically produced manufacturing technology and products that have some non-U.S. content, but have some work added domestically. Increases in dollar volume of manufacturing technology orders show that more manufacturing work on the end product is occurring in the U.S.
What is Manufacturing Technology?
Manufacturing technology encompasses everything between raw materials and finished product. Manufacturing technology turns raw materials such as steel, iron, plastic, ceramics, composites, and alloys from their original shape as stock materials into what will become durable goods such as airplanes, cars, and appliances we use every day.
Why is the USMTO Important?
Analysis of manufacturing industries investment levels in capital metalworking equipment to increase capacity and improve productivity has historically provided a reliable leading economic indicator for the recovery or softening of America’s industrial base.
Manufacturing technology orders are truly an indication of the vitality of America’s industrial base. Changes in orders are a confirmation of recovery, often establishing an upturn or downturn long before the traditional indicators identify a recovery in full bloom.
By collecting data from distributors and builders are orders reported twice?
Duplications are eliminated using a software program that identifies orders sold to the same customer. Non-U.S. builders who sell into this market are included and the data reported in the USMTO Report represents more than 65% of the U.S. manufacturing technology market and nearly 80% of the market.
Who “owns the USMTO Report?
The report is compiled by AMT – The Association For Manufacturing Technology who represents the production and distribution of manufacturing technology.
