What is in this article?:
- U.S. Machine Tool Orders Fell 11% in November
- Regional variations
- Second-consecutive monthly drop
- November totals fall 8.5% year-on-year
- Orders stronger in West, Northeast; weaker in Midwest, Central regions
Total U.S. manufacturing technology orders have had a generally downward trend during 2012 – though historically strong results for September have kept the annual total in positive territory.
In addition to the total activity in new orders, the USMTO covers activity in five geographic regions.
In the Northeast, manufacturing technology orders rose 1.9% during November, up to $66.02 million from October’s $64.81 million. The new figure represented a 20.8% drop from the November 2011 total, $83.32 million.
With a year-to-date total of $713.53 million in new orders, the Northeast region is trailing the 11-month 2011 total ($762.62 million) by 6.4%.
In the South, new orders for machine tools and related products fell 6.4% during November, to $65.47 million from $69.98 million in October. The new result is 22.6% higher than the region’s November 2011 result ($53.40 million), and brings its 2012 year-to-date total to $760.48 million, 17.7% higher than the South’s January-November 2011 total of $645.99 million.
The Midwest region reported manufacturing technology orders totaling $129.36 million during November, a 20.9% decline from October’s result, $163.55 million, and a 13.7% drop from the November 2011 result, $149.85 million.
The year-to-date total for Midwest manufacturing technology orders is $1,664.51 million, raising the 2012 3.5% over the comparable 11-month total for 2011, $1,608.22 million.
Orders for new machining equipment in the Central region fell 14.3% in November, down to $109.15 million from $127.32 million in October, and also fell 13.0% versus the $125.51 million total for November 2011.
Year-to-date 2012 new orders for the Central region stand at $1,458.43 million, 5.6% more than the comparable figure for 2011.
Finally in the Western region, November 2012 manufacturing technology orders rose 7.4% to $51.82 million from the October total of $48.23 million, and rose 6.2% from the November 2011 total of $48.78 million.
The region’s year-to-date total for orders is $615.22 million through November, 6.7% above $576.43 million 11-month total for 2011.