U.S. Manufacturing Technology Orders totaled $373.7 million in September, an increase of 26.4 % from August 2020 and the highest monthly total of the year

U.S. Manufacturing Technology Orders totaled $373.7 million in September 2020, an increase of 26.4% from August 2020, and the highest monthly total of the year, according to the latest U.S. Manufacturing Technology Orders report published by AMT.
Nov 09, 2020

DOWNLOAD PRESS RELEASE

McLean, Va. (November 9, 2020) – U.S. Manufacturing Technology Orders totaled $373.7 million in September 2020, an increase of 26.4% from August 2020, and the highest monthly total of the year, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. The September total decreased 3.2% from September 2019, and orders to date reached $2.68 billion, nearly a quarter lower than the 2019 YTD total. “In addition to the positive numbers this month, we are now seeing the economic recovery reach a broader spectrum of the overall capital equipment market,” said Douglas K. Woods, president of AMT. “Manufacturing is ramping back up as production, shipments, and order levels continue to improve throughout most sectors. The high demand for mold-and-die products during the height of the pandemic led to reshoring portions of the industry’s output. Additionally, a strong housing market continues to expand demand for household appliances, creating backlogs that will keep production lines busy into the winter.”  “Unfortunately, there are still a few soft spots. The aerospace and oil & gas sectors, representing almost a third of our industry’s orders, will likely need several years to return to pre-COVID levels of shipments and capital spending. Still, opportunities exist, even in the hardest-hit sectors, such as growth in space and defense sectors in the aerospace industry.”  “Unlike the recovery from the great recession, this recovery will not impact manufacturing sectors equally. Material handling, mold and die, and firearms will have a better year in 2020 than 2019. Manufacturing technology, cutting tools, and industrial machinery will return to 2019 levels sometime next year, but some key sectors will not see growth until after 2021.”

# # #

 

The United States Manufacturing Technology Orders (USMTO) Report is based on the totals of actual data reported by companies participating in the USMTO program. This report, compiled by AMT – The Association For 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. 

AMT – The Association For Manufacturing Technology represents U.S.-based providers of manufacturing technology – the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation’s capital, AMT acts as the industry’s voice to speed the pace of innovation, increase global competitiveness, and develop manufacturing’s advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparalleled level of support. AMT also produces IMTS – The International Manufacturing Technology Show, the premier manufacturing technology event in North America. www.amtonline.org 

IMTS – International Manufacturing Technology Show is the largest and longest running manufacturing technology trade show in the United States is held every other year at McCormick Place in Chicago, Ill. IMTS 2020 will run Sept. 14-19. IMTS is ranked among the largest trade shows in the world. Recognized as one of the world’s preeminent stages for introducing and selling manufacturing equipment and technology, IMTS attracts visitors from every level of industry and more than 117 countries. IMTS 2018 was the largest in number of registrations (129,415), net square feet of exhibit space (1,424,232 sq. ft.), booths (2,123) and exhibiting companies (2,563). IMTS is owned and managed by AMT-The Association For Manufacturing Technology. www.IMTS.com 

PicturePicture
Author
Andrea “Andy” Kuchinski
Director, Marketing & Communications
Recent intelligence News
In only three other years since 1998 have orders surpassed $2 billion by May. Manufacturers across the industry have expressed broadly positive sentiment, so we would expect the remainder of the year not only to return to the pre-pandemic trend....
April 2020 had the lowest orders in a decade, but the previous three months were business as usual, so to be 40% up over the previous year shows the real strength of the industry in 2021.
U.S. Manufacturing Technology Orders totaled $437.9 million, an increase of 16.1% over February 2021 and an increase of 41.6% over March 2020, according to the latest U.S. Manufacturing Technology Orders report published by AMT... 
U.S. Manufacturing Technology Orders totaled $377.6 million in February 2021, a 17.8% increase from January 2021 and a 34.2% increase over February 2020, according to the latest U.S. Manufacturing Technology Orders report published by AMT.
U.S. Manufacturing Technology Orders totaled $322.5 million in January 2021, a 29% decrease from December 2020, but a 12% increase over January 2020, according to the latest U.S. Manufacturing Technology Orders report published by AMT...
Similar News
undefined
Intelligence
By Patrick McGibbon | Feb 10, 2021

At the end of May 2020, analysts were talking disaster. The market for manufacturing technology was going into a tailspin. Companies were addressing canceled orders and sales calls, looking at employee furloughs, and striving to keep credit lines open...

6 min
Featured Image
Intelligence
By Kristin Bartschi | Feb 07, 2021

December orders of manufacturing technology totaled $456.7 million, nearly a 40% increase from November 2020 and a 17.6% increase over December 2019, according to the latest U.S. Manufacturing Technology Orders report published by AMT.

5 min
Featured Image
Intelligence
By Patrick McGibbon | Mar 11, 2020

January 2020 U.S. cutting tool consumption totaled $196.5 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

3 min