September manufacturing technology orders reveal nationwide increases
The strength of U.S. manufacturing technology has been demonstrated yet again, after figures released by an industry trade association showed that orders in September broke through the $600 million mark.
According to Manufacturing.net, a report by The Association For Manufacturing Technology showed that the total number of manufacturing tech orders for U.S. companies was $667.47 million, an increase of 13.4 percent from the same point in 2011. September orders had also improved from August, with data provided by participating companies showing that there had been a 40.7 percent increase.
Industry analysts believing that this was a clear indicator of growing strength and confidence in the U.S. manufacturing market, with the recent International Manufacturing Technology Show (IMTS) held in Chicago singled out as a driver of domestic business strategy.
"In the 17 years that this data has been collected, there is only one other month that broke $600 million, said Douglas K. Woods, president of the AMT. "Both of those were in months that reflected sales from IMTS, showing its strength as the largest manufacturing event in the Americas. It’s possible we could average $450 million a month for all of 2012 – the largest year ever for this program. This speaks to tremendous strength in the manufacturing industry, and is proof that IMTS 2012 was the strongest show seen in years."
The early indications are that the manufacturing technology industry could continue to enjoy a profitable year, with figures showing that the year-to-date order total in September was running at just under $4.3 billion, an increase of 5.6 percent compared with the same sample point in 2011. Economists believe that this snapshot of manufacturing strategy is a reliable barometer of production capacity across the country, with companies investing in capital metalworking equipment to fulfill placed orders.
U.S. manufacturing technology orders are also analyzed by the AMT in five distinct geographic regions. Companies in the Central Region reported that September orders totalled $182.10 million, an increase of 43.5 percent from August, while the Midwest Region saw an impressive $206.83 million in new orders, a rise of 34.2 percent from data received in the previous month.
Both the Southern and Western Regions also saw an improvement over August, with participating companies reporting that they had total orders of $103.06 million and $104.72 million respectively. Manufacturing in the Northeast was still showing some signs of recent improvement with orders totalling $70.75 million in September, a rise of 42.6 percent from August.