September Manufacturing Technology Orders Up 6% M/M, 5% YTD



According to the latest U.S. Manufacturing Technology Orders Report from the Association for Manufacturing Technology, bookings for September 2017 were up 6% from August and 5% higher than the first nine months of 2016.

The monthly total of $403 million fell short of September 2016 by 26%, a typical drop-off in odd-numbered years when IMTS, the largest manufacturing technology show in the Americas, does not occur.

The rough edges of the recovery continued to expose themselves. Aerospace and medical equipment, chief contributors to new capital equipment investment over the past eight months, were down 26% and 40%, respectively, from August. Order activity from the automotive industry had been weak during the third quarter but rose 11% in September, surprising some analysts who had expected auto orders to remain weak until December.

“While there is recovery in market conditions for manufacturing technology, it’s at a more gradual pace than typically seen due to a sentiment of caution around manufacturing,” said Doug Woods, president of the AMT. “Manufacturers are concerned about Washington’s impact on economic growth and pace of technological change, as well as the general evolution in technology. It is necessary for companies to invest in current technologies to stay competitive, but they’re doing so at a moderate pace.”

Regionally, the North Central West, Southeast and Northeast regions as reported by USMTO benefited from strong activity in contract machining shops, forging and stamping, automotive and consumer electronics. Notably, orders from the consumer electronics and computers sector were up 132% nationally. The West region also saw gains in September, driven by contract machining shops and regional activity in aerospace.

The key leading indicators for manufacturing technology are positive and AMT analysis suggests an acceleration in order activity at the close of 2017.


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