You may not be familiar with U.S. Manufacturing Technology Order Report, also referred to as the "USMTO Report" but you should check it out. It's basically a monthly scorecard of how our metalcutting industry is doing on a monthly basis.
The February report was recently released and has some interesting data that you can find below.
What we wanted to share with you is some data that you may not realize. If you take closer look at the maps and number belows, you'll see that the market area the F&L Technical Sales manages for our principals is nearly 23% of the entire US Market. Metalcutting manufacturing has certainly grown in the past two decades since we started F&L Technical Sales, Inc adn we would like to think that we've helped in the regions competitiveness and growth.
Modest fall in December Orders Offset by19% Gain in Annual Total over 2017
For Immediate Release: February 11, 2019
Contact: Amber Thomas Director - Advocacy & Communications, AMT 571-216-7448 or athomas@AMTonline.org
McLean, Va., (February 11, 2019) - U.S, manufacturing technology orders posted $443 million in December, down two percent from November and six percent from December 2017. The year-end order total for 2018 was $5.5 billion, up 19 percent from the annual sum for 2017. The November to December drop was only the fourth time in the program’s 23-year history that a year didn’t end with an uptick in orders from November.
“We finished a fantastic run up in manufacturing technology orders during 2018, with most analysts looking for good growth in units and modest growth in revenue in 2019,” said AMT President Doug Woods. “While our market looks healthy now, there are concerns that trade issues and slower manufacturing technology markets abroad will create headwinds in the U.S. later in the year.”
December orders fell by a modest amount which negatively impacted most industries. Aerospace and Engines and Turbines placed a third or more orders than in November. The Forging and Stamping industry had a very good second half of 2018 posting month-on-month increases in orders for the last three months. Surprisingly, Government and Defense orders were also up in December, perhaps in anticipation of a prolonged government shutdown evenly spread across almost all industrial sectors.
Geographically, the Northeast and West were the strongest markets in December, each posting single-digit gains over November levels. Aerospace and Engines and Turbines held up marketlevels in what would have been a lackluster month for the Northeast region otherwise. The West held on to a gain in December thanks to the Auto and Stamping and Forging industries. The Northcentral East continues to generate the most orders, but its share has dropped significantly in the past three years. The Northcentral West is the second largest region by dollar volume followed by the Northeast.
If you would like to read the entire report you can see it below. You can also check out the USMTO website each month for updates.
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