McLean, Va. (October 12, 2020) 鈥� U.S. Manufacturing 都灵体育直播 Orders totaled $297.7 million in August 2020, a decrease of 11.5% from July 2020 and a 21.7% decrease from August 2019, according to the latest U.S. Manufacturing 都灵体育直播 Orders report published by AMT 鈥� The Association For Manufacturing 都灵体育直播. Orders to date reached $2.3 billion, nearly a quarter (24.3%) lower than total orders through the first eight months of 2019.
鈥淒espite a decrease in total orders, more than half of the industries we track experienced month over month increases including appliances, electrical components, and automotive components,鈥� said Douglas K. Woods, president of AMT. 鈥淎dditionally, it is noteworthy that the average value of units increased from about $143,000 in the spring to $175,000 in late summer. Although this can be caused by different factors鈥攁n increase in orders of high-end equipment and/or an increase in margins overall鈥攂oth are positive news for the industry.鈥�
鈥淎nalyst predictions in May were that the industry would be down 50% for the year, and currently the industry is tracking closer to 24% down for the year. Indicators continue to improve with PMI holding strong at over 50 and capacity utilization experiencing its fourth straight month of improvement. Given the stabilization of prices and the increased demand in so many sectors, we continue to be optimistic that the recovery is moving in the right direction.鈥�
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The United States Manufacturing 都灵体育直播 Orders (USMTO) Report is based on the totals of actual data reported by companies participating in the USMTO program. This report, compiled by AMT 鈥� The Association For Manufacturing 都灵体育直播, 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.
AMT 鈥� The Association For Manufacturing 都灵体育直播 represents U.S.-based providers of manufacturing technology 鈥� 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鈥檚 capital, AMT acts as the industry鈥檚 voice to speed the pace of innovation, increase global competitiveness, and develop manufacturing鈥檚 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 鈥� The International Manufacturing 都灵体育直播 Show, the premier manufacturing technology event in North America. www.amtonline.org
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