Despite November Drop In Orders, Manufacturers Remain Optimistic About 2015

Jan. 14, 2015

November U.S. manufacturing technology orders dropped in November for a total of $378.06 million, according to The Association For Manufacturing Technology.

Staff

November U.S. manufacturing technology orders totaled $378.06 million, according to The Association For Manufacturing Technology. This total, as reported by companies participating in the United States Manufacturing Technology Orders program, was down 15.5 percent from October and down 14.5 percent when compared with the total of $442.01 million reported for November 2013. With a year-to-date total of $4,556.60 million, 2014 orders remain up 2.6 percent compared with 2013.

“Despite a downward monthly trend in manufacturing technology orders, we remain bullish on the U.S.industry market overall, with robust factory production and strong performance in the automotive sector,” said AMT President Douglas K. Woods. “Many manufacturers took a ‘pause’ in November to assess the challenges from the previous few months, such as contraction in China, Europe and Russia, less activity from the oil and gas industry due to the dramatic drop in prices and perhaps a little bit of the ‘IMTS Effect’ pulling some sales forward. Overall, however, we anticipate 2015 to be another year of positive growth, with manufacturing leading the U.S. economy.”

The USMTO report provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.

Southeast

November manufacturing technology orders in the Southeast region totaled $48.66 million, up 37.7 percent when compared with October’s $35.35 million. At $439.88 million, 2014 year-to-date orders were 8.1 percent more than the comparable figure for 2013.

North Central-East

North Central-East manufacturing technology orders in November stood at $94.07 million, down 20.7 percent from October’s $118.68 million and down 24.6 percent when compared with the $124.72 million total for November 2013. The 2014 year-to-date total of $1,197.81 million was 4.3 percent higher than the 2013 total at the same time.

North Central-West

At $68.29 million, North Central-West manufacturing technology orders in November were off 27.1 percent from October’s $93.66 million. The 2014 year-to-date total of $802.81 million was 2.5 percent less than the comparable figure for 2013.

South Central

At $63.20 million, November manufacturing technology orders in the South Central Region were off 3.4 percent when compared with last November’s $65.42 million. At $714.15 million, 2014 year-to-date orders were running 5.9 percent ahead of 2013 at the same time.