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Wednesday, July 30, 2014

U.S. Manufacturing Technology Orders Fall in April, Down 7 Percent to 2012

USMTOApril orders for manufacturing technology, including machine tools and associated equipment, fell by 26.6 percent compared with March, according to the U.S. Manufacturing Technology Orders report. U.S. companies bought $372.5 million in new equipment in the month, which represented a 12.6 percent drop compared with April 2012.

Moreover, orders are down by 7 percent this year to date versus 2012. The slower pace was not surprising to the Association for Manufacturing Technology (AMT), which organizes and publishes the USMTO report.

“Order totals leveled off to the averages we’ve seen so far this year, but they aren’t out of line with analyst predictions,” said Doug Woods, AMT’s president. “Likewise the Purchasing Manager’s Index recently dropped below 50 – indicating contraction within manufacturing – but hiring continued to expand throughout the industry. With auto sales strong, the housing industry showing signs of a true rebound, and consumer confidence on the rise, we expect to continue seeing steady but slower activity.”

Northeast Region

Total: $72.29 million

Percent change from March: none

Percent change from April 2012: 4.4 percent

Year-to-date (YTD): $251.08 million

Percent change from 2012: -4.0 percent

Southeast Region

Total: $35.16 million

Percent change from March: -3.3 percent

Percent change from April 2012: 1.0 percent

YTD:  $139.1 million

Percent change from 2012: -16.3 percent

North Central-East Region

Total: $71.3 million

Percent change from March: -50.9 percent

Percent change from April 2012: -34.6 percent

YTD: $434.94 million

Percent change from 2012: -2.8 percent

North Central-West Region

Total: $69.88 million

Percent change from March: -34.5 percent

Percent change from April 2012: -10.3 percent

YTD: $330.06 million

Percent change from 2012: 2.6 percent

South Central Region

Total: $59.6 million

Percent change from March: -10.8 percent

Percent change from April 2012: -30.7 percent

YTD: $257.42 million

Percent change from 2012: -28.3 percent

West Region

Total: $64.27 million

Percent change from March: -19.6 percent

Percent change from April 2012: 30.0 percent

YTD: $238.3 million

Percent change from 2012: 9.1 percent

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