Manufacturing technology orders down 7% year over year

Western region was the only one to grow, at more than 11% year over year.
By Modern Materials Handling Staff
July 16, 2013 - MMH Editorial

U.S. manufacturing technology orders totaled $430.06 million in May, according to AMT, The Association For Manufacturing Technology. This total was up 13.6% from April but down 7.6% when compared with the total of $465.38 million reported for May 2012. With a year-to-date total of $2,085.14 million, 2013 is down 6.9% compared with 2012.

These numbers and all data in the report are based on the totals of actual data reported by companies participating in the U.S. Manufacturing Technology Orders program.

“A rise in U.S. manufacturing technology orders is welcome as we move into the summer months, which are typically soft. New technologies are creating change in automotive production, while many aerospace manufacturers are making shifts within their supply chains,” said Patrick W. McGibbon, AMT vice president, Industry Intelligence. “Contract machining is also seeing growth thanks to the cost advantages of manufacturing within the U.S. Meanwhile, foreign direct investment within the U.S. continues to increase, and all of these factors are contributing to new capital investment within manufacturing.”

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.

U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.

Northeast Region
Northeast Region manufacturing technology orders in May stood at $71.56 million, down slightly from the April total of $72.25 million but 5.1% higher than the figure for May 2012. The $322.59 million year-to-date total is 2.1% lower than the total for the same period in 2012.

Southeast Region
Manufacturing technology orders in the Southeast Region in May totaled $43.57 million, up 23.7% when compared with April’s $35.23 million and level with the May 2012 total. At $183.51 million, 2013 year-to-date is 12.4% less than the total for 2012 at the same time.

North Central-East Region
North Central-East Region manufacturing technology orders totaled $100.46 million in May, up 36.0% from the $73.89 million total for April but 29.5% less than the total for May 2012. The year-to-date total of $537.92 million is 8.8% lower than the comparable figure for 2012.

North Central-West Region
At $73.46 million, May manufacturing technology orders in the North Central-West Region were down slightly when compared with the $73.61 million total for April and down 16.1% when compared with May a year ago. With a year-to-date total of $407.25 million, 2013 is down 0.5% when compared with 2012 at the same time.

South Central Region
May manufacturing technology orders in the South Central Region totaled $65.29 million, 9.9% more than April’s $59.42 million and up 6.5% when compared with the May 2012 figure. At $320.22 million, the 2013 year-to-date total is 23.8% less than the comparable figure for 2012.

West Region
May manufacturing technology orders in the West Region totaled $75.72 million, 18.0% higher than April’s $64.17 million and up 20.6% when compared with the total for May 2012. With a year-to-date total of $313.65 million, 2013 is up 11.6% when compared with 2012 at the same time.



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Seasonally-adjusted (SA) for-hire truck tonnage in November was up 3.5 percent compared to October, which was up 0.5 percent over September at 136.8 (2000=100), marking the highest SA on record.

UPS said that through this acquisition it will augment its healthcare expertise and network in Europe, specifically in the fast growing healthcare markets in Central and Eastern Europe.

Carloads were up 12.1 percent at 312,271, and intermodal at 280,337 containers and trailers saw a 4.5 percent annual gain.

Total November POLB volumes were up 2.1 percent year-over-year at 581,514 TEU, and POLA volumes in November decreased 3 percent compared to November 2013 at 663,346 TEU.

When railroads are doing business with a larger than large customer like UPS, it stands to reason, it can often be the best, and worst, of both worlds, depending on how things are going. That was one of the main takeaways from a presentation by UPS Vice President of Corporate Transportation Services Ken Buenker at this year’s RailTrends conference in New York.

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond

Comments

Post a comment
Commenting is not available in this channel entry.