‘IMTS Effect’ Drives September Increase in Manufacturing Tech Orders 



Manufacturing technology orders for September were up 56% compared to August and up 52% over September 2015, according to the latest report from the Association for Manufacturing Technology.

“Every two years in September, the impact of IMTS – The International Manufacturing Technology Show — on the industry is reflected in the USMTO report. I call it the ‘IMTS Effect’,” said AMT President Douglas K. Woods. “This year’s uptick in orders indicates manufacturers are eager to see and confident enough to invest in the latest manufacturing technology to improve their operations and products, but the momentum will slow heading into 2017.”

All major customer sectors realized dramatic increases in order levels in September, according to the report, except the auto industry. This supports news that the strongest market over the past 20-month downturn has hit the pause button due to a shift in consumer demand from cars to trucks.

“Overall, the year is expected to finish down about 8%,” said Pat McGibbon, AMT vice president of strategic analytics. “We won’t see the December surge we usually see when manufacturers rush to take advantage of expiring tax incentives because they were extended or made permanent in 2015.”

September 2016 manufacturing technology orders were valued at $497.25 million, compared to $319.00 million in August and $327.08 million in September 2015. Year-to-date orders for 2016 stand at $2,914.39 million, a 6.4% decline compared to the same point in 2015.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com