What is in this article?:
- Signs of Strength in February Machine Tool Orders
- Regional results
- Year-on-year February orders, -10.6%
- Monthly improvement in Northeast, North Central, and West
- Year-to-date orders down across all regions
New order values were the only index to show improvement in February. “A year-to-date decline in orders compared to 2012 is in line with expectations we had for a slight slowdown in the first two quarters of 2013,” stated by AMT president Douglas K. Woods, “though second-half growth is expected to offset the slump.”
U.S. manufacturers’ new orders for machine tools and related equipment and technology (known collectively as “manufacturing technology”) rose to $385.89 million in February, up5.7% from the revised January resultof $365.05 million. However, the new totals represent a -10.6% decline from the February 2012 result, $431.63 million.
Also, for the year to date — January-February 2013 — U.S. manufacturers’ new orders total $750.94 million, a decline of –11.9% from the results of the first two months of 2012.
The data is contained in the monthly U.S. Manufacturing Technology Orders program is compiled by AMT - the Association For Manufacturing Technology, and represents actual results for production and distribution of capital equipment and technology, both domestic and imported products.
“A month-to-month gain is certainly good to see, and these numbers seem to echo some of the other recent economic data, including gains in both factory orders and durable goods orders,” stated AMT president Douglas K.Woods.
“A year-to-date decline in orders compared to 2012 is in line with expectations we had for a slight slowdown in the first two quarters of 2013,” Woods continued, “though second-half growth is expected to offset the slump. This is in line with our economists’ predictions that orders for 2013 will stay relatively flat compared to 2012.”