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Saturday, April 19, 2014

November Machinery Orders Inch Up, but Cutting Tool Consumption Plummets

U.S. manufacturing technology orders in November totaled $437.79 million, an uptick of 0.6 percent from October, while the month’s cutting tool consumption was down 16.6 percent. The data were reported by AMT – The Association For Manufacturing Technology through its U.S. Manufacturing Technology Orders (USMTO) report and the Cutting Tool Market Report (CTMR) it jointly publishes with the United States Cutting Tool Institute.

Source: AMT - Association For Manufacturing Technology

From USMTO November 2013 report. Click to enlarge. Source: AMT – Association For Manufacturing Technology

November orders for CNC machine tools and associated production equipment were a strong 20.7 percent higher than November 2012’s monthly total ($362.63 million); November has been a slow month for CNC machinery sales in the last few years. The year-to-date total of orders was just below $4.4 billion, down by 7.7 percent compared with 2012 through 11 months. However, the gap between 2013 and 2012 was at its lowest in three months.

U.S. manufacturers bought $156 million in cutting tools in November, compared with October’s $176 million. Relative to November 2012, the month was down 7 percent. The year-to-date total was $1.88 billion, down 3.9 percent against 2012’s pace, but like with machinery, the gap tightened from October. November and October were volatile months in cutting tool activity after a flat June-to-September period. October orders jumped by 10 percent compared with September.

From CTMR November 2013 report. Click to enlarge. Source: AMT - Association For Manufacturing Technology and U.S. Cutting Tool Institute

From CTMR November 2013 report. Click to enlarge. Source: AMT – Association For Manufacturing Technology and U.S. Cutting Tool Institute

Barring a blockbuster December, it appears both metal cutting machinery and tool sales in 2013 will finish lower than 2012.

Brad Lawton, chairman of AMT’s Cutting Tool Product Group, remained upbeat, however. “The year-to-date comparison to 2012 shows a much more modest decline and was also fairly consistent from April or May through November.”

Doug Woods, president of AMT, also saw positives. “With a strong upswing in automotive sales, the [purchasing managers index] at 55 for the month of December, and manufacturing employment continuing to climb, there is no question that the (machine tool) industry headed to the end of 2013 on a very strong note,” he said. “To see month-to-month and year-over-year increases in orders for November 2013 is yet another sign that manufacturing continues its position of economic strength.”

MORE FROM THOMASNET NEWS: U.S. Posts Weak December Job Growth

Following is the regional breakdown in manufacturing technology orders for November:

Northeast Region

Total: $71.54 million

Change from October: 0.2 percent

Change from November 2012: 7.7 percent

Year-to-date (YTD): $732 million

Change from 2012: 3.8 percent

Southeast Region

YTD:  $400. 91 million

Change from 2012: -17.4 percent

North Central-East Region

Total: $126.6 million

Change from October: 21.8 percent

Change from November 2012: 35.1 percent

YTD: approx. $1.137 billion

Change from 2012: -7.3 percent

North Central-West Region

Not available due to change in USMTO survey participants

South Central Region

Total: $59.61 million

Change from October: 3.0 percent

Change from November 2012: 22.6 percent

YTD: $661.63 million

Change from 2012: -17.8 percent

West Region

Not available due to change in USMTO survey participants

 

USMTO chart Nov 13

From USMTO November 2013 report. Click to enlarge. Source: AMT – Association For Manufacturing Technology

 

 

 

 

 

 

 

 

 

 

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