Manufacturing technology orders rise in March
Manufacturing technology orders were up 2.9% in March compared to March 2013.
At $492.78 million, according to AMT - The Association For Manufacturing Technology, the total was up 38.5% from February. With a year-to-date total of $1.22 billion, 2014 is up 0.9% compared with 2013.
“As these figures indicate, along with strong readings for the PMI, durable goods orders, and motor vehicle sales, manufacturing continues to be a leader in economic growth,” said Douglas K. Woods, AMT president. “It’s noteworthy that this was the strongest month for orders since September 2012, an IMTS month, though order delays caused by a harsh winter certainly interrupted the flow of business at the start of the year. As we head toward IMTS 2014, we expect continued expansion through the rest of this year and likely into 2015.”
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
Northeast Region
At $67.49 million, manufacturing technology orders in the Northeast Region in March were up 5.5% when compared with February’s $63.96 million.
Southeast Region
Year-to-date 2014 manufacturing technology orders in the Southeast Region through March totaled $106.13 million.
North Central-East Region
March manufacturing technology orders in the North Central-East Region totaled $200.33 million, up 145.1% from February’s $81.75 million and up 42.2% when compared with last March. At $370.20 million, year-to-date 2014 was up 4.8% from the comparable figure for 2013.
South Central Region
Year-to-date 2014, manufacturing technology orders in the South Central Region through March totaled $179.07 million.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
