January manufacturing technology orders off after a strong December
January U.S. manufacturing technology orders totaled $341.17 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 32.9% from December’s $508.57 million and down 4.8% when compared with the total of $358.45 million reported for January 2014.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“To understand why we saw this drop in orders for January, December 2014 saw a sharp increase in sales. This was driven by many end-of-year orders that had been rushed through in order to qualify for tax rebate provisions that were enacted at the last minute for 2014,” said Douglas K. Woods, AMT President. “This is evidenced by the comparatively lower average order value seen in December vs. January, meaning that most
end-of-year orders were for less expensive, in-stock machines that could be shipped quickly. The decline wasn’t unexpected, and we still foresee the manufacturing economy keeping on a stable path.”
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.
January manufacturing technology orders in the Northeast Region totaled $86.75 million, 2.2% higher than the $84.85 million total for December.
At $26.33 million, January manufacturing technology orders in the Southeast Region were off 29.4% when compared with January a year ago.
North Central-East Region
North Central-East Region manufacturing technology orders in January stood at $93.94 million, down 43.2% from December’s $165.54 million but 10.5% higher than the January 2014 total.
North Central-West Region
With a January total of $57.10 million, North Central-West Region manufacturing technology orders were down 25.5% from December’s $76.65 million but up 16.7% from last January.