Latest GDP Report Shows Mixed Messages for Manufacturers
Today, the U.S. Bureau of Economic Analysis released their first estimate of GDP for the first quarter of 2025. According to the estimate, GDP contracted 0.3% at an annualized rate.
February 2025 US Cutting Tool Orders Total $198.6M, Down 0.7% From January
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $198.6 million in February 2025. Orders decreased 0.7% from January 2025 and were down 9.2% from February 2024.
Manufacturing Machinery Orders Increase in February 2025
New orders of metalworking machinery totaled $389.9 million in February 2025, a 9.9% increase from January and a 12.5% increase from February 2024.
Technology Evolutions Drive IMTS 2026 Floor Plan Movement
With more than 1 million square feet of exhibit space already booked, IMTS is poised once again to be the strongest manufacturing marketplace in the Western Hemisphere. IMTS 2026 opens Sept. 14-19, 2026. View the floor plan and get exciting updates now!
Manufacturers Respond to Fed Rate Decision
For the second meeting in a row, the Federal Reserve announced it will hold federal fund rates steady at a target range of 4.25% to 4.5%. Learn what this means for the producers and distributors of manufacturing technology.
January 2025 US Cutting Tool Orders Hit $199.9M, Up 9.2% From December
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $199.9 million in January 2025. Orders increased 9.2% from December 2024 but were down 4.1% from January 2024.
Manufacturing Technology Orders Post Strongest January Since 2022
Orders of manufacturing technology totaled $357.3 million in January 2025, down 29.8% from December but up 5.7% from January 2024. While the order value was 16.2% higher than an average January, the units ordered were the lowest for any January since 2016.
December 2024 US Cutting Tool Orders Total $179.5 Million, Down 0.6% Year to Date From 2023
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $179.5 million in December 2024, down 2% from November 2024. Shipments totaled $2.43 billion for 2024, down 0.6% from 2023.
Manufacturing Technology Orders Fall for 3rd Year; Beat Expectations
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $513.8 million in December 2024, the highest level since March 2023. This showed an increase of 15% from November 2024 and was 5.4% behind December 2023.
Strong End to 2024 Despite Mixed Signals for Manufacturing Technology
The U.S. Bureau of Economic Analysis released their first estimate of GDP for the fourth quarter of 2024. According to the first estimate, GDP grew 2.3% at an annualized rate. This was driven by strong consumer demand but held back by lagging investment.