McLEAN, VA - 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.
The 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.
About AMT – The Association For Manufacturing Technology
AMT represents U.S.-based builders and distributors 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.
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 2018 will run Sept. 10-15. 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 more than 114,000 visitors from every level of industry and more than 112 countries. IMTS is owned and managed by AMT – The Association For Manufacturing Technology. www.IMTS.com