USMTO News Release - U.S. Manufacturing Technology Orders
 

Contact:
Penny Brown, AMT, 703-827-5275
pbrown@AMTonline.org

For Release: June 11, 2018

 

 


 Manufacturing technology orders continue growth trajectory

 

     Manufacturing technology orders climbed 10.5 percent year over year in April 2018, with orders for the year up 22.2 percent when compared to the same point in 2017 according to the latest U.S. Manufacturing Technology Orders Report from AMT – The Association For Manufacturing Technology. Overall orders totaled $392.97 million in April, down 22.6 percent compared to an exceptionally strong March total. April orders were the second-strongest month for the year after March.

     The U.S. manufacturing economy is showing signs of continued strength, with the latest Beige Book from the Federal Reserve indicating gains for the industry in more than half of Fed bank regions. The most recent PMI for May was at 58.7, its 21st consecutive month to indicate expansion in manufacturing. However, concerns remain regarding the skilled labor shortage and uncertainty surrounding tariffs.

     “April’s fall relative to March isn’t a surprise. With many companies ending their fiscal year in March, a push for new equipment investment supercharged the end of the first quarter, which has left April short of March levels for the past 20 years,” said AMT President Douglas K. Woods. “The remainder of the year is set up for a strong finish. The indicators consistently point to continued expansion of the manufacturing sector, and just as April orders are always lower than March, IMTS has always led to a strong fourth quarter for bookings.”

     These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program. 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. AMT staff are available for further comment on this report and other data related to the manufacturing economy.

 




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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.

 

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