February 2019 Manufacturing Technology Orders
Down from 2018

U.S. Manufacturing Technology Order Report - February Data - Print Version

McLean, Va. (April 8, 2019) – Manufacturing technology orders totaled $337.2 million in February 2019 accounting for a 15 percent decline from January and a seven percent decline from the previous February, according to the latest USMTO  report from AMT. The year-to-date total was $735.2 million, less than one percent off the year-to-date total at this point last year.
“It’s important to look at the February numbers in context. It’s true that order levels declined, but from the second strongest January in the history of the USMTO program. They’re still at good levels compared to this time a year ago,” said Douglas K. Woods, President, AMT. “Other indicators signal continued manufacturing strength. AMT members are generally positive heading into the second quarter; the U.S.-China tariff negotiations look to be moving toward a successful conclusion; and the March ISM Manufacturing PMI showed expansion which beat analysts’ expectations and rallied the stock market. However, uncertainty lingers on issues such as tax, trade and the budget, and continued inaction in Washington could stall already sluggish growth.”  
While companies in many industries reduced their orders in February, the nearly 50 percent decline in orders placed by the Aerospace as well as Engine and Turbine industries led the downturn between January and February.  The Automotive sector recorded a modest double-digit uptick. Bucking the general trend, February 2019 had a notable expansion in orders from Commercial and Service Industry Machinery Manufacturing such as Water Treatment and Commercial Cleaning Equipment. The big gain was the result of large orders in the Great Lakes area and the West. 
Four of the six USMTO regions had fewer orders in February than January, with the largest decline coming from the Southeast. In the West, metal cutting orders rose slightly. However, declines in Forming and Fabricating lead to roughly stagnant orders compared to the previous month. The South Central region outperformed all other regions, with orders expanding by over a third from January 2019 led by growth in Oil & Gas, Contract Machining, and Food Processing Equipment sectors.
Capacity utilization had a second month of declines in February, settling at 77 percent, off the post-recession high of 77.8 percent in December 2018. Despite an increase in orders from the Automotive Sector, Light Vehicle Sales rebounded to 17.477 million annualized units in March. March Manufacturing ISM® Report On Business® registered a Purchasing Manager’s Index of 55.3 percent, an expansion of 1.1 percentage points over February, signaling underlying strength in the manufacturing sector.

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United States Manufacturing Technology Orders (USMTO) Report
These numbers and all data in this report are 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
AMT 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 and the MT360 conference, AMT’s newest event exploring collisions between transformative technologies and manufacturing. www.amtonline.org www.imts.com www.mt360conference.com  

IMTS – International Manufacturing Technology Show
IMTS – International Manufacturing Technology Show 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