St. Paul, MN (November 5, 2019) –According to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association for Manufacturing Technology, the Southeast region experienced robust growth driven primarily by orders in the metal cutting category. Despite the decline over 2018, the total value of manufacturing technology orders in 2019 are the second highest annual total through August since 2014.
Orders for 2019 totaled just under $3 billion, a decline of 14.4 percent from the 2018 total to date. The Southeast region’s robust growth was fueled by orders in the metal cutting category. The Northeast also had positive order growth from July to August.
“The consensus of analysts at MTForecast is that markets should pick up in the U.S. as early as next summer, and will pick up in Europe several months earlier, taking the pressure off the U.S.,” said Douglas K. Woods, President of The Association for Manufacturing Technology.
“This was reflected at EMO Hannover where we saw a great deal of interest on the floor, particularly in the Industry 4.0/IIoT pavilion, but not a high level of capital commitment, reflecting uncertainty and challenges in the European market.”
Orders from machine shops were near-flat yet showed a slight increase over July. Construction machinery manufacturing vastly expanded orders over July. Aerospace orders increased by nearly a third. The automotive sector decreased orders overall despite modest increases from the transmission and powertrain manufacturing sector.
The United States Manufacturing Technology Orders (USMTO) Report is based on the totals of actual data reported by companies participating in the USMTO program. This report, compiled by AMT – The Association for 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.
AMT – The Association for Manufacturing Technology represents U.S.-based providers of manufacturing technology – the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation’s capital, AMT acts as the industry’s voice to speed the pace of innovation, increase global competitiveness, and develop manufacturing’s advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparalleled level of support. AMT also produces IMTS – The International Manufacturing Technology Show, the premier manufacturing technology event in North America. www.amtonline.org
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
For more information about Matsuura, please contact: [email protected] or visit: www.matsuurausa.com.