January Manufacturing Technology Orders Off After a Strong December
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1 Contact: Bonnie Gurney, AMT, For Release: March 9, 2015 January Manufacturing Technology Orders Off After a Strong December January U.S. manufacturing technology orders totaled $ 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 $ million and down 4.8% when compared with the total of $ million reported for January 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. (more) AMT The Association For Manufacturing Technology 7901 Westpark Drive, McLean, VA fax
2 -2- NOTE: AMT The Association For Manufacturing Technology s intent is to always provide timely and accurate economic reports to our community. For this reason, we are making an adjustment to the USMTO report. Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level. U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States. Northeast Region January manufacturing technology orders in the Northeast Region totaled $86.75 million, 2.2% higher than the $84.85 million total for December. Southeast Region 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 $ 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. # # # The Association For Manufacturing Technology AMT The Association For Manufacturing Technology represents and promotes U.S.-based manufacturing technology and its members those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing. Founded in 1902 and based in Virginia, the association specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis. AMT is the voice that communicates the importance of policies and programs that encourage research and innovation, and the development of educational initiatives to create tomorrow s Smartforce. AMT owns and manages IMTS The International Manufacturing Technology Show, which is the premier manufacturing technology event in North America. The USMTO report is compiled by AMT and all data in the report is based on the totals of actual data reported by companies participating in the USMTO program. (USMTO data is also available at ISSN#
3 Through 800, , , , , , , , order value 3-month moving average 12-month moving average $ Thousands
4 Jan 15 (P) Previous Month % Change Year Ago Month % Change YTD 15 (P) YTD 14 (R) % Change YTD National Regional Northeast Southeast North Central-East North Central-West South Central West % % % % % % % % % % % % % D D 2.33 D D % D D D D % % % 2.05 D D % % D D % % % % % % % % % % % % % % % % % % % % % % % D 2.51 D 0.11 D D 0.11 D D D D D D % % % D D -68.6% D -49.9% D D -49.9% D D -34.2% D -33.8% D D -33.8% $ = millions of dollars P preliminary R revised * percent change greater than 1,000% s may not match due to rounding Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.
5 Net New Orders for U.S. Consumption National Orders (Thousands of Dollars) FABRICATING 2014 JAN 1,821 $358,449 1,756 $351, $7, FEB 1,977 $357,861 1,923 $347, $10, MAR 2,452 $492,937 2,379 $480, $12, APR 2,210 $390,727 2,146 $366, $24, MAY 2,164 $360,137 2,104 $352, $7, JUN 2,267 $411,586 2,202 $400, $11, JUL 2,072 $358,979 2,007 $349, $9, AUG 2,143 $362,066 2,081 $352, $9, SEP 3,486 $642,484 3,430 $634, $8, OCT 2,440 $453,523 2,377 $440, $12, NOV 2,130 $381,117 2,065 $372, $8, DEC 2,761 $508,573 2,686 $496, $12, JAN 1,637 $341,172 1,583 $332, $8,326 Average 2,274 $416,893 2,211 $405, $10,902 REGIONAL Northeast Region (Thousands of Dollars) FABRICATING 2014 JAN 329 D 324 $66,549 5 D 2014 FEB 332 $63, $61, $2, MAR 394 $68, $66, $2, APR 387 $63, $60,541 6 $2, MAY 348 D 340 $56,745 8 D 2014 JUN 352 $61, $59, $2, JUL 339 D 332 $51,263 7 D 2014 AUG 398 $61, $59, $1, SEP 583 $116, $112, $3, OCT 348 D 345 $58,996 3 D 2014 NOV 334 D 322 $41, D 2014 DEC 511 $84, $84,160 7 $ JAN 297 $86, $84, $2,326 Average 381 $68, $66,423 9 $1,793 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.
6 Net New Orders for U.S. Consumption Southeast Region (Thousands of Dollars) FABRICATING 2014 JAN 189 $37, $35, $1, FEB 205 D 201 $29,436 4 D 2014 MAR 247 D 243 $37,810 4 D 2014 APR 252 D 248 $43,944 4 D 2014 MAY 232 $32, $31, $1, JUN 232 D 223 $30,383 9 D 2014 JUL 199 D 195 $30,091 4 D 2014 AUG 240 D 237 $41,481 3 D 2014 SEP 388 D 387 $67,769 1 D 2014 OCT 245 $35, $31, $4, NOV 287 $51, $50, $1, DEC 323 D 319 $56,958 4 D 2015 JAN 182 $26, $24, $2,049 Average 248 $40, $39,230 7 $1,246 North Central-East Region (Thousands of Dollars) FABRICATING 2014 JAN 443 $85, $82, $2, FEB 458 $83, $80, $3, MAR 666 $200, $192, $7, APR 468 $98, $81, $17, MAY 480 $80, $78, $1, JUN 600 $118, $115, $3, JUL 485 $92, $89, $3, AUG 511 $91, $86, $4, SEP 760 $134, $132, $2, OCT 604 $124, $121, $2, NOV 432 $95, $91, $3, DEC 704 $165, $161, $4, JAN 436 $93, $91, $2,103 Average 542 $112, $108, $4,585 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.
7 Net New Orders for U.S. Consumption North Central-West Region (Thousands of Dollars) FABRICATING 2014 JAN 314 $48, $47, $1, FEB 337 $57, $55, $1, MAR 432 D 422 $67, D 2014 APR 372 $65, $63, $1, MAY 383 $56, $54, $2, JUN 429 $84, $80, $3, JUL 380 D 366 $61, D 2014 AUG 375 $68, $67, $ SEP 662 $133, $132,085 9 $1, OCT 451 $94, $92, $1, NOV 408 $68, $67,496 7 $1, DEC 456 $76, $73, $3, JAN 316 $57, $56,426 7 $674 Average 409 $72, $70, $1,647 South Central Region (Thousands of Dollars) FABRICATING 2014 JAN 234 $45, $45,815 7 $ FEB 308 D 303 $65,435 5 D 2014 MAR 333 D 321 $62, D 2014 APR 356 $62, $61,099 9 $1, MAY 369 D 360 $75,283 9 D 2014 JUN 305 $58, $58,561 9 $ JUL 321 $64, $63, $1, AUG 295 D 288 $47,551 7 D 2014 SEP 496 D 490 $97,739 6 D 2014 OCT 362 D 343 $66, D 2014 NOV 291 $63, $62, $1, DEC 307 $50, $47, $2, JAN 136 D 131 $27,285 5 D Average 316 $61, $60, $956 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.
8 Net New Orders for U.S. Consumption West (Thousands of Dollars) FABRICATING 2014 JAN 312 D 311 $73,299 1 D 2014 FEB 337 D 330 $54,733 7 D 2014 MAR 380 D 376 $53,191 4 D 2014 APR 375 D 367 $55,667 8 D 2014 MAY 352 D 351 $56,972 1 D 2014 JUN 349 D 346 $55,442 3 D 2014 JUL 348 D 343 $53,873 5 D 2014 AUG 324 D 318 $50,698 6 D 2014 SEP 597 D 594 $91,950 3 D 2014 OCT 430 D 426 $70,388 4 D 2014 NOV 378 D 377 $59,406 1 D 2014 DEC 460 D 457 $73,425 3 D 2015 JAN 270 D 264 $48,584 6 D Average 378 $62, $61,356 4 $790 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.
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