Jan U.S. Manufacturing Tech Orders drop 12.2% from January 2012.
Press Release Summary:
March 14, 2013 - As reported by companies participating in USMTO program, January U.S. manufacturing technology orders totaled $370.62 million. This total is down 26.5% from December and 12.2% from January 2012. With year-to-date total of $370.62 million, 2013 is down 12.2% compared with 2012. AMT President Douglas K. Woods called drop-off between December and January typical and pointed out "that orders were exceptionally strong at the end of 2012, outperforming much of the broader economy."
Original Press Release
January U.S. Manufacturing Technology Orders off 12.2% from January 2012
Press release date: March 11, 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.
“The drop-off between December and January is typical for technology orders, and it’s important to keep in mind that orders were exceptionally strong at the end of 2012, outperforming much of the broader economy,” said Douglas K. Woods, AMT President. “While the manufacturing economy continues to be strong, we may see its growth undercut by fiscal uncertainty due to the impact from sequestration.”
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.
Manufacturing technology orders in the Northeast Region in January totaled $50.0 million, down 34.1% from December’s $75.83 million and down 17.0% when compared with the January 2012 figure. At $50.0 million, 2013 year-to-date is down 17.0% when compared with 2012 at the same time.
Southeast Region manufacturing technology orders totaled $35.53 million in January, down 47.6% from the $67.84 million total for December but 34.4% higher than the total for January 2012. The year-to-date total of $35.53 million is 34.4% more than the comparable figure for 2012.
North Central-East Region
At $98.54 million, January manufacturing technology orders in the North Central-East Region were down 15.1% when compared with the $116.01 million total for December and down 13.1% when compared with January a year ago. With a year-to-date total of $98.54 million, 2013 is down 13.1% when compared with 2012 at the same time.
North Central-West Region
January manufacturing technology orders in the North Central-West Region totaled $72.41 million, 34.1% lower than December’s $109.92 million and down 4.0% when compared with the January 2012 figure. At $72.41 million, the 2013 year-to-date total is 4.0% less than the comparable figure for 2012.
South Central Region
January manufacturing technology orders in the South Central Region totaled $72.44 million, 8.1% higher than December’s $67.02 million but down 25.8% when compared with the January 2012 figure. At $72.44 million, the 2013 year-to-date total is 25.8% less than the comparable figure for 2012.
West Region manufacturing technology orders in January stood at $41.69 million, down 38.6% from the December total of $67.89 million and 15.3% lower than the figure for January 2012. The $41.69 million year-to-date total is 15.3% below the total for the same period in 2012.
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.
(USMTO data is also available at www.AMTonline.org.)