Kevin Bowers’ Post

Today’s USMTO report from AMT - The Association For Manufacturing Technology shows that manufacturing technology orders totaled $360.8 million in August 2024. This marks a 22.7% increase from July, though still is lower than August 2023. Despite the decline compared to last year, the industry continues to operate above historic levels, underscoring sustained demand for manufacturing capacity. Year-to-date orders stand at $2.81 billion, reflecting an 11.5% decline from the same period in 2023, yet with a positive outlook for the remainder of the year. The surge in orders from contract machine shops and aerospace manufacturers signals growing confidence and an expectation of continued production growth. What’s Next? As we move into the final months of 2024, we expect momentum to build, driven by rising capacity utilization, industry optimism, and potential rate cuts. The excitement at IMTS 2024 further reaffirms the need for innovation and efficiency in manufacturing. If you attend AMT's MT Forecast event last week you heard a lot of commentary on why optimism still abounds. Read the full press release here with insights from Christopher Chidzik https://lnkd.in/gqqZ-cr5 #ManufacturingTechnology #USMTO #IndustryTrends #ManufacturingGrowth #IMTS2024 #AMT #MarketTrends

Last month I asked, “Are We Approaching the End of the Slide in Manufacturing Technology Orders? “ March had us 18.6% off from 2033, April was at 16.2% off, now may has us at 12.2% off.  Check out AMT - The Association For Manufacturing Technology's Christopher Chidzik and his insights on the May 2024 manufacturing technology orders. https://lnkd.in/gf8dv-Z3 Is this a start of a trend? We will see. The summer in an IMTS and election year is full of “reasons” why capital purchases as slow or delayed. What trends are you observing in your sector? Are high interest rates impacting your capital equipment purchases? Share your insights! The upcoming IMTS - International Manufacturing Technology Show 2024 in Chicago will be pivotal for showcasing innovations and driving future demand.   You can also register for our October MTForecast event. Link is in the comments. Want to know more about #USMTO? check out our website. www.usmto.com #Manufacturing #Technology #IndustryTrends #EconomicForecast #IMTS2024 #ManufacturingTechnology

In February, U.S. manufacturing technology orders totaled $343.3 million, marking a 26.5% decline from February 2023 but a 2.1% increase from January 2024. The current economic environment presents challenges, but recent indicators, like the March 2024 ISM Manufacturing PMI showing expansion, suggest potential for increased manufacturing tech orders ahead. See more data here: https://ow.ly/8WJF50Re9iC #Manufacturing #Technology #ManufacturingTech #IndustryTrends

Improving productivity in low-volume, high-complexity manufacturing: As demand soars, companies in commercial aerospace and other industrial sectors need new ramp-up strategies for low-volume, high-complexity products. http://dlvr.it/T9ms6T

Orders of manufacturing technology totaled $450.6 million in September 2024, an increase of 24% from August 2024 and 14.6% over September 2023 orders. Year-to-date orders reached $3.35 billion, a 7.7% decline compared to the first three quarters of 2023. Read the full report here:

As demand soars, companies in commercial aerospace and other industrial sectors need new ramp-up strategies for low-volume, high-complexity products.

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