U.S. Manufacturing Technology Orders Finish 2016 Down 4.0 Percent

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1 Contact: Penny Brown, AMT, For Release: February 13, 2017 U.S. Manufacturing Technology Orders Finish 2016 Down 4.0 Percent Manufacturing technology orders finished 2016 down 4.0 percent compared to 2015, according to the U.S. Manufacturing Technology Orders Report from AMT The Association For Manufacturing Technology. Month over month, December orders were up 20.6 percent compared to November. As orders have pulled to near-even with levels seen before the latest dip, the general manufacturing economy is showing signs of growth. The January PMI from the Institute for Supply Management was 56, indicating expansion in manufacturing for the fifth consecutive month. There was also growth in capacity utilization and industrial production in December, the most recent month for which data are available. In addition to those indicators, two other measures suggest a likely boost in capital spending for equipment and machinery: cutting tool consumption and spending from machine shops. There has been a significant uptick in shipments for cutting tools, the primary consumable in the manufacturing process, and machine shop spending for the month was up 32 percent from November, (more) AMT The Association For Manufacturing Technology 7901 Jones Branch Drive, Suite 900, McLean, VA fax

2 -2- said AMT President Douglas K. Woods. Since large manufacturers will leverage their supply chain s capital equipment before expanding their own capacity, gains for machine shop investment are promising because they typically mark an overall greater need for capacity, and a broader upturn on the horizon. Orders for totaled $ million, up from November s $ million. The December monthly order value was the second highest for the year after September s $ million, which was when orders were registered from IMTS The International Manufacturing Technology Show. orders for 2016 were valued at $4, million compared to $4, million in USMTO is a reliable leading economic indicator as manufacturing companies invest in capital metalworking equipment to increase capacity and improve productivity. # # # The United States Manufacturing Technology Orders (USMTO) report These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program. This report, compiled by AMT The Association For Manufacturing Technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity. About AMT The Association For Manufacturing Technology AMT represents U.S.-based builders and distributors of manufacturing technology the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation s capital, AMT acts as the industry s voice to speed the pace of innovation, increase global competitiveness and develop manufacturing s advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparalleled level of support. AMT also produces IMTS The International Manufacturing Technology Show, the premier manufacturing technology event in North America. IMTS International Manufacturing Technology Show The largest and longest running manufacturing technology trade show in the United States is held every other year at McCormick Place in Chicago, Ill. IMTS 2018 will run Sept IMTS is ranked among the largest trade shows in the world. Recognized as one of the world s preeminent stages for introducing and selling manufacturing equipment and technology, IMTS attracts more than 114,000 visitors from every level of industry and more than 112 countries. IMTS is owned and managed by AMT The Association For Manufacturing Technology. (USMTO data is also available at ISSN#

3 U.S. Manufacturing Technology Orders Through 800, , , , , , , , order value 3-month moving average 12-month moving average $ Thousands

4 DEC16 (P) Previous Month % Change Year Ago Month % Change YTD 16 (P) YTD 15 (R) % Change YTD National Regional Northeast Southeast North Central-East North Central-West South Central West % % 3, , % % % % % % 4, , % % % % D 4.67 D % % D D % % % % % D D -89.6% % % D D 30.4% % % % % , % % % % % % 1, , % % % % 2.58 D D % % D D % % % % % D D -67.8% D 56.3% % D D 97.2% D 72.2% % % % % D 0.83 D D 247.9% % D D D 13.2% % $ = millions of dollars P preliminary R revised * percent change greater than 1,000% s may not match due to rounding Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.

5 Net New Orders for U.S. Consumption National Orders (Thousands of Dollars) FABRICATING 2015 DEC 2,580 $406,950 2,541 $395, $11, JAN 1,491 $280,576 1,456 $264, $15, FEB 1,707 $290,374 1,656 $282, $7, MAR 2,220 $387,168 2,178 $377, $10, APR 1,634 $281,224 1,587 $269, $11, MAY 1,680 $282,370 1,636 $276, $5, JUN 1,853 $325,473 1,780 $310, $14, JUL 1,430 $253,239 1,393 $240, $12, AUG 1,948 $323,441 1,907 $312, $11, SEP 2,783 $503,672 2,732 $490, $12, OCT 1,942 $341,631 1,898 $318, $23, NOV 2,033 $337,241 1,980 $326, $11, DEC 2,566 $406,718 2,515 $398, $8,319 Average 1,990 $340,006 1,943 $327, $12,050 REGIONAL Northeast Region (Thousands of Dollars) FABRICATING 2015 DEC 448 $72, $65,993 6 $6, JAN 299 D 296 $54,783 3 D 2016 FEB 329 D 325 $42,930 4 D 2016 MAR 403 $87, $85,713 7 $1, APR 327 D 326 $52,647 1 D 2016 MAY 323 $52, $51, $1, JUN 408 $83, $75, $7, JUL 260 $47, $46,656 5 $ AUG 320 D 317 $54,988 3 D 2016 SEP 491 $93, $91, $1, OCT 372 $55, $53, $2, NOV 360 $62, $58, $4, DEC 473 D 467 $78,374 6 D Average 370 $64, $62,504 8 $2,292 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.

6 Net New Orders for U.S. Consumption Southeast Region (Thousands of Dollars) FABRICATING 2015 DEC 336 $50, $49,633 6 $ JAN 245 D 241 $38,227 4 D 2016 FEB 290 $43, $42,103 8 $1, MAR 291 D 288 $37,406 3 D 2016 APR 188 $36, $29, $7, MAY 220 D 215 $33,024 5 D 2016 JUN 201 D 198 $35,444 3 D 2016 JUL 215 D 211 $43,158 4 D 2016 AUG 358 $66, $64,518 7 $2, SEP 382 D 377 $80,716 5 D 2016 OCT 208 D 207 $44,855 1 D 2016 NOV 242 D 237 $31,425 5 D 2016 DEC 307 D 306 $42,459 1 D Average 268 $45, $44,013 5 $1,417 North Central-East Region (Thousands of Dollars) FABRICATING 2015 DEC 683 $113, $111, $1, JAN 346 $65, $61, $3, FEB 385 $83, $81, $2, MAR 539 $102, $97, $5, APR 333 $65, $63, $2, MAY 350 $64, $63, $1, JUN 451 $84, $83, $ JUL 328 $51, $49, $2, AUG 454 $83, $76, $7, SEP 713 $124, $118, $6, OCT 503 $108, $89, $18, NOV 491 $79, $76, $2, DEC 596 $89, $86, $2,706 Average 475 $85, $81, $4,495 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.

7 Net New Orders for U.S. Consumption North Central-West Region (Thousands of Dollars) FABRICATING 2015 DEC 446 $75, $73,989 8 $1, JAN 248 D 242 $44,888 6 D 2016 FEB 273 $48, $48,267 7 $ MAR 415 $75, $72, $2, APR 306 $52, $50, $1, MAY 304 $62, $61,671 9 $ JUN 326 $52, $51, $1, JUL 262 $55, $47, $7, AUG 325 D 321 $52,239 4 D 2016 SEP 488 $82, $80,710 7 $1, OCT 370 D 362 $61,077 8 D 2016 NOV 376 D 370 $84,987 6 D 2016 DEC 425 $75, $72, $2,576 Average 351 $64, $61,806 9 $2,392 South Central Region (Thousands of Dollars) FABRICATING 2015 DEC 169 D 165 $21,201 4 D 2016 JAN 88 $14, $13,708 5 $ FEB 123 D 117 $19,640 6 D 2016 MAR 128 D 126 $25,451 2 D 2016 APR 156 D 154 $21,058 2 D 2016 MAY 131 D 127 $16,911 4 D 2016 JUN 132 $20, $18, $1, JUL 104 D 103 $13,707 1 D 2016 AUG 142 D 138 $18,181 4 D 2016 SEP 186 D 184 $22,671 2 D 2016 OCT 136 D 136 $15,945 0 D 2016 NOV 176 D 173 $18,085 3 D 2016 DEC 233 D 227 $36,524 6 D Average 146 $20, $20,116 4 $379 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.

8 Net New Orders for U.S. Consumption West (Thousands of Dollars) FABRICATING 2015 DEC 498 D 495 $73,098 3 D 2016 JAN 265 D 261 $51,948 4 D 2016 FEB 307 $50, $48,324 8 $2, MAR 444 D 440 $58,050 4 D 2016 APR 324 D 320 $52,222 4 D 2016 MAY 352 D 351 $51,047 1 D 2016 JUN 335 $49, $45, $3, JUL 261 D 258 $39,580 3 D 2016 AUG 349 $46, $46,078 8 $ SEP 523 D 514 $97,330 9 D 2016 OCT 353 D 350 $53,644 3 D 2016 NOV 388 $58, $57, $ DEC 532 D 522 $81, D Average 379 $59, $58,168 6 $1,075 Note on fields marked D: Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.