• TOPICS
    • Design
    • Manufacturing
    • Inspection
    • Heat Treating
    • Lubrication
    • Materials
    • The Gear Industry
    • Gears by Type
  • MAGAZINE
    • Current Issue
    • Departments
    • Archives
    • Subscribe
    • Advertise
  • NEWSLETTER
    • Subscribe
  • VIDEO
    • Gear Technology TV
      • Ask the Expert Live
      • Revolutions
    • Industry Videos
  • BLOGS
  • BUYER'S GUIDE
  • NEWS and EVENTS
    • Product News
    • Industry News
    • Events
  • ADVERTISING
    • Brand Awareness
      • Print: Display Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Newsletter Sponsored Content (Native Advertising)
    • Response & Lead Generation
      • Online: Sponsored Content (Native Advertising)
      • E-mail: Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: Custom, White Papers & Webinars
      • Online: Buyers Guide
    • Print Advertising
      • Print: Display Advertising
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • Print: Specifications
      • MPT Expo Show Guide Advertising
    • Online Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • Online: Buyers Guide
      • Online: Specifications
    • E-mail Advertising
      • E-mail: E-Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: AGMA Industry News
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Specifications
    • Special Promotions
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • MPT Expo Show Guide Advertising
  • CONTACT US
  • AGMA
    • Membership
    • Events
    • Education
    • Emerging Technology
    • AGMA Media
    • Standards
Subscribe
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » October USMTO Report Finds Slight Growth over 2015

October USMTO Report Finds Slight Growth over 2015

December 22, 2016

Manufacturing technology orders saw year-over-year gains for the third consecutive month in October 2016, according to the latest U.S. Manufacturing Technology Report from AMT - The Association for Manufacturing Technology. Orders for the month were valued at $335.48 million, up 0.2 percent compared to the same month last year. Year-to-date, orders are down 5.6 percent compared to the same point in 2015.

Orders have begun to emerge gradually from the trough seen through most of 2016, and other signs indicate that the manufacturing economy is improving, albeit slowly. Housing starts grew 25.5 percent in October, a good sign for manufacturers who make appliances, cars and electronics. Additionally, the November 2016 PMI from the Institute for Supply Management was 53.2, indicating expansion in manufacturing, and factory output improved slightly in October. However, global trade remains largely stagnant.

"It's certainly welcome to see signs of recovery for manufacturing overall, but marked improvement for manufacturing technology orders is not forecast until the second quarter of 2017," said AMT President Douglas K. Woods. "Unless manufacturers feel pressed on capacity, they aren't likely to make substantial capital investments in machinery and equipment. Those signs of gradual improvement and increased utilization rates are emerging, albeit slowly."

Month over month, order value dropped 32.9 percent compared to September 2016, which accounted for high order volume generated by IMTS - The International Manufacturing Technology Show. Year-to-date orders for 2016 stand at $3,244.07 million. USMTO data is a reliable leading economic indicator as manufacturing companies invest in capital metalworking equipment to increase capacity and improve productivity.

Industry News
  • Related Articles

    May USMTO Report Finds Orders up 3.1 Percent from April, 21.8 Percent over May 2016

    May USMTO Report Finds Order Decline Slowing

    USMTO August Report Finds Year-to-Date Manufacturing Technology Orders Up 15.9 Percent

Free Gear Technology Subscriptions
Subscribe
Free Gear Technology Subscriptions
Subscribe
FEATURED VIDEO
  • Helios1
    Forest City Gear Taps Helios Gear for Custom Cutting Tools
January 18, 2023
RECOMMENDED
  • Precision Equals Performance at ZPE GripTec

    October 12, 2022
    gt0922_Page_28_Image_0003.jpg
  • State of the Powder Metal Industry

    October 12, 2022
    gt0922_Page_30_Image_0001.jpg
  • The Afterglow of Furnaces North America 2022

    October 12, 2022
    gt0922_Page_20_Image_0001.jpg
  • Reigniting the Educational Infrastructure

    December 5, 2022
    gt1122_Page_20_Image_0001.jpg
  • Profile: Continuing Education and Training with the AGMA

    December 5, 2022
    gt1122_Page_26_Image_0001.jpg
  • Reigniting the Educational Infrastructure

    December 5, 2022
    gt1122_Page_20_Image_0001.jpg
  • Profile: Continuing Education and Training with the AGMA

    December 5, 2022
    gt1122_Page_26_Image_0001.jpg
  • Precision Equals Performance at ZPE GripTec

    October 12, 2022
    gt0922_Page_28_Image_0003.jpg
  • Subscribe
  • Advertise
  • Contribute
  • AGMA
Powered byAGMA
Copyright © 2023 Gear Technology
  • Privacy Policy
  • Contact