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Sunday, April 20, 2014

March U.S. Manufacturing Tool Orders Experience Continued Growth

USMTOFigures for the March U.S. Manufacturing Tool Orders (USMTO) report show a 30 percent rise in new orders, the second month of consecutive growth, and growth compared to March 2012.

The AMT (Association for Manufacturing Technology) report showed respectable gains for the manufacturing tool market. New tool orders totaled $507.91 million in March, a 30.4 percent rise over February orders, and 3.24 percent more than the $491.96 million in orders from March 2012. Combined with February’s revised total of $389.37 million, 2013 has seen $1.2 billion in new sales, a slight dip compared to the total for the same period in 2012 and the result of contraction in January.

AMT President Doug Woods noted that the growth seen in March is attributable to growing demand in consumer markets, which are buoying industrial demand.

“With vehicle sales and housing starts on the upswing, we can anticipate that gains in the consumer economy will also mean buoyancy for the industrial economy, and manufacturing will remain steady for the foreseeable future,” Woods said in a statement.

Northeast Region

Total: $71.99 million

Percent change from February: 31.8 percent

Percent change from March 2012: -3.2 percent

Year-to-date (YTD): $177.37 million

Percent change from 2012: -6.5 percent

Southeast Region

Total: $36.07 million

Percent change from February: 20.2 percent

Percent change from March 2012: -38.7 percent

YTD:  $103.65 million

Percent change from 2012: -21.1 percent

North Central-East Region

Total: $145.53 million

Percent change from February: 29.4 percent

Percent change from March 2012: 19.1 percent

YTD: $363.91 million

Percent change from 2012: 7.4 percent

North Central-West Region

Total: $105.93 million

Percent change from February: 30.1 percent

Percent change from March 2012: 21.4 percent

YTD: $259.46 million

Percent change from 2012: 6.5 percent

South Central Region

Total: $66.04 million

Percent change from February: 15.0 percent

Percent change from March 2012: -18.4 percent

YTD: $197.00 million

Percent change from 2012: -27.9 percent

West Region

Total: $82.36 million

Percent change from February: 54.2 percent

Percent change from March 2012: 20.5 percent

YTD: $176.65 million

Percent change from 2012: 4.6 percent

–Brian Lane

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