A month-to-month decline dismissed as an accounting detail. “Indicators consistently point to continued expansion of the manufacturing sector," according to AMT.
Robert Brooks | American Machinist | Jun 11, 2018
Domestic manufacturers ordered $392.97 million worth of machine tools during April, 22.6% less than during March and yet 10.5% more than the April 2017 total. The year-to-date total for new orders increased to $1.64 billion, 22.2% higher than last year’s January-April new-order total.
The figures are drawn from the monthly U.S. Manufacturing Technology Orders Report, released by AMT – the Association for Manufacturing Technology, and based on new machine-tool (manufacturing technology) data supplied by participating companies that produce and distribute metal-cutting and metal-forming and -fabricating equipment, including domestically manufactured and imported machinery and equipment. The results are based on actual order totals, nationwide and in six regional markets.
“April’s fall relative to March isn’t a surprise,” according to AMT president Douglas K. Woods. “With many companies ending their fiscal year in March, a push for new equipment investment supercharged the end of the first quarter, which has left April short of March levels for the past 20 years.
“The remainder of the year is set up for a strong finish. The indicators consistently point to continued expansion of the manufacturing sector," Woods emphasized.
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