Contact: Penny Brown, AMT, 703-827-5275 pbrown@amtonline.org 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 22102 703-893-2900 703-893-1151 fax www.amtonline.org
-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 $406.72 million, up from November s $337.24 million. The December monthly order value was the second highest for the year after September s $503.67 million, which was when orders were registered from IMTS The International Manufacturing Technology Show. orders for 2016 were valued at $4,013.13 million compared to $4,178.23 million in 2015. 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. 10-15. 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. www.imts.com (USMTO data is also available at www.amtonline.org.) ISSN# 10807756
U.S. Manufacturing Technology Orders Through 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 order value 3-month moving average 12-month moving average $ Thousands
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 398.40 326.17 22.1% 395.34 0.8% 3,868.08 4,057.26-4.7% 8.32 11.07-24.8% 11.61-28.3% 145.04 120.97 19.9% 406.72 337.24 20.6% 406.95-0.1% 4,013.13 4,178.23-4.0% 78.37 58.24 34.6% 65.99 18.8% 746.56 770.97-3.2% D 4.67 D 6.94-78.1% 22.86 27.15-15.8% D 62.91 D 72.93 9.5% 769.41 798.12-3.6% 42.46 31.43 35.1% 49.63-14.5% 522.53 435.60 20.0% D D -89.6% 0.57-77.3% 17.86 14.41 24.0% D D 30.4% 50.20-15.2% 540.39 450.01 20.1% 86.36 76.08 13.5% 111.43-22.5% 946.11 1,152.63-17.9% 2.71 2.96-8.7% 1.97 37.6% 56.47 40.22 40.4% 89.06 79.05 12.7% 113.39-21.5% 1,002.58 1,192.86-16.0% 72.74 84.99-14.4% 73.99-1.7% 729.49 752.63-3.1% 2.58 D D 1.68 53.3% 29.41 15.47 90.1% 75.31 D D 75.67-0.5% 758.90 768.10-1.2% 36.52 18.08 102.0% 21.20 72.3% 240.31 299.49-19.8% D D -67.8% D 56.3% 4.82 10.69-54.9% D D 97.2% D 72.2% 245.13 310.18-21.0% 81.95 57.35 42.9% 73.10 12.1% 683.09 645.94 5.8% D 0.83 D D 247.9% 13.62 13.02 4.6% D 58.18 D D 13.2% 696.71 658.96 5.7% $ = 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.
Net New Orders for U.S. Consumption National Orders (Thousands of Dollars) FABRICATING 2015 DEC 2,580 $406,950 2,541 $395,341 39 $11,609 2016 JAN 1,491 $280,576 1,456 $264,793 35 $15,783 2016 FEB 1,707 $290,374 1,656 $282,403 51 $7,971 2016 MAR 2,220 $387,168 2,178 $377,134 42 $10,034 2016 APR 1,634 $281,224 1,587 $269,473 47 $11,751 2016 MAY 1,680 $282,370 1,636 $276,934 44 $5,436 2016 JUN 1,853 $325,473 1,780 $310,551 73 $14,922 2016 JUL 1,430 $253,239 1,393 $240,321 37 $12,918 2016 AUG 1,948 $323,441 1,907 $312,394 41 $11,047 2016 SEP 2,783 $503,672 2,732 $490,990 51 $12,682 2016 OCT 1,942 $341,631 1,898 $318,522 44 $23,109 2016 NOV 2,033 $337,241 1,980 $326,171 53 $11,070 2016 DEC 2,566 $406,718 2,515 $398,398 51 $8,319 Average 1,990 $340,006 1,943 $327,956 47 $12,050 REGIONAL Northeast Region (Thousands of Dollars) FABRICATING 2015 DEC 448 $72,931 442 $65,993 6 $6,938 2016 JAN 299 D 296 $54,783 3 D 2016 FEB 329 D 325 $42,930 4 D 2016 MAR 403 $87,154 396 $85,713 7 $1,441 2016 APR 327 D 326 $52,647 1 D 2016 MAY 323 $52,688 310 $51,223 13 $1,466 2016 JUN 408 $83,402 389 $75,873 19 $7,529 2016 JUL 260 $47,459 255 $46,656 5 $803 2016 AUG 320 D 317 $54,988 3 D 2016 SEP 491 $93,303 480 $91,540 11 $1,763 2016 OCT 372 $55,700 361 $53,589 11 $2,111 2016 NOV 360 $62,913 349 $58,242 11 $4,671 2016 DEC 473 D 467 $78,374 6 D Average 370 $64,796 363 $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.
Net New Orders for U.S. Consumption Southeast Region (Thousands of Dollars) FABRICATING 2015 DEC 336 $50,199 330 $49,633 6 $566 2016 JAN 245 D 241 $38,227 4 D 2016 FEB 290 $43,207 282 $42,103 8 $1,104 2016 MAR 291 D 288 $37,406 3 D 2016 APR 188 $36,544 177 $29,196 11 $7,348 2016 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 $66,692 351 $64,518 7 $2,175 2016 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 $45,430 263 $44,013 5 $1,417 North Central-East Region (Thousands of Dollars) FABRICATING 2015 DEC 683 $113,393 671 $111,427 12 $1,966 2016 JAN 346 $65,063 333 $61,240 13 $3,823 2016 FEB 385 $83,933 367 $81,138 18 $2,795 2016 MAR 539 $102,929 525 $97,516 14 $5,413 2016 APR 333 $65,903 315 $63,545 18 $2,357 2016 MAY 350 $64,197 338 $63,059 12 $1,138 2016 JUN 451 $84,537 438 $83,998 13 $540 2016 JUL 328 $51,676 315 $49,350 13 $2,326 2016 AUG 454 $83,413 439 $76,390 15 $7,023 2016 SEP 713 $124,615 696 $118,023 17 $6,592 2016 OCT 503 $108,210 482 $89,413 21 $18,798 2016 NOV 491 $79,047 474 $76,083 17 $2,965 2016 DEC 596 $89,061 584 $86,355 12 $2,706 Average 475 $85,844 460 $81,349 15 $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.
Net New Orders for U.S. Consumption North Central-West Region (Thousands of Dollars) FABRICATING 2015 DEC 446 $75,669 438 $73,989 8 $1,680 2016 JAN 248 D 242 $44,888 6 D 2016 FEB 273 $48,985 266 $48,267 7 $718 2016 MAR 415 $75,265 403 $72,999 12 $2,266 2016 APR 306 $52,108 295 $50,803 11 $1,304 2016 MAY 304 $62,456 295 $61,671 9 $785 2016 JUN 326 $52,469 316 $51,240 10 $1,229 2016 JUL 262 $55,744 251 $47,869 11 $7,875 2016 AUG 325 D 321 $52,239 4 D 2016 SEP 488 $82,666 481 $80,710 7 $1,956 2016 OCT 370 D 362 $61,077 8 D 2016 NOV 376 D 370 $84,987 6 D 2016 DEC 425 $75,314 409 $72,738 16 $2,576 Average 351 $64,198 342 $61,806 9 $2,392 South Central Region (Thousands of Dollars) FABRICATING 2015 DEC 169 D 165 $21,201 4 D 2016 JAN 88 $14,455 83 $13,708 5 $748 2016 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 $20,340 114 $18,427 18 $1,912 2016 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 $20,495 142 $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.
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 $50,412 299 $48,324 8 $2,088 2016 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 $49,196 325 $45,569 10 $3,627 2016 JUL 261 D 258 $39,580 3 D 2016 AUG 349 $46,612 341 $46,078 8 $534 2016 SEP 523 D 514 $97,330 9 D 2016 OCT 353 D 350 $53,644 3 D 2016 NOV 388 $58,180 377 $57,350 11 $830 2016 DEC 532 D 522 $81,949 10 D Average 379 $59,243 373 $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.