Nov. manufacturing technology orders fall
November U.S. manufacturing technology orders fell by 15.5% from October's total and were down 14.5% compared to a year ago.
AMT – The Association For Manufacturing Technology, said the November total of $378.06 million compared with $442.01 million in November 2013. Despite the monthly dip, with a year-to-date total of $4,556.60 million, 2014 is up 2.6% compared with 2013.
“Despite a downward monthly trend in manufacturing technology orders, we remain bullish on the U.S. industry market overall, with robust factory production and strong performance in the automotive sector,” said Douglas K. Woods, AMT president. “Many manufacturers took a ‘pause’ in November to assess the challenges from the previous few months, such as contraction in China, Europe and Russia, less activity from the oil and gas industry due to the dramatic drop in prices and perhaps a little bit of the ‘IMTS Effect’ pulling some sales forward. Overall, however, we anticipate 2015 to be another year of positive growth, with manufacturing leading the U.S. economy.”
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
Southeast Region
November manufacturing technology orders in the Southeast Region totaled $48.66 million, up 37.7% when compared with October’s $35.35 million. At $439.88 million, 2014 year-to-date orders were 8.1% more than the comparable figure for 2013.
North Central-East Region
North Central-East Region manufacturing technology orders in November stood at $94.07 million, down 20.7% from October’s $118.68 million and down 24.6% when compared with the $124.72 million total for November 2013. The 2014 year-to-date total of $1,197.81 million was 4.3% higher than the 2013 total at the same time.
North Central-West Region
At $68.29 million, North Central-West Region manufacturing technology orders in November were off 27.1% from October’s $93.66 million. The 2014 year-to-date total of $802.81 million was 2.5% less than the comparable figure for 2013.
South Central
At $63.20 million, November manufacturing technology orders in the South Central Region were off 3.4% when compared with last November’s $65.42 million. At $714.15 million, 2014 year-to-date orders were running 5.9% ahead of 2013 at the same time.
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