October U.S. Machine Tool Orders Numbers Indicate a Sluggish Manufacturing Sector

New orders for machine tools and related technology fell slightly in October, according to the Association for Manufacturing Technology’s (AMT) latest U.S. Machine Tools Orders (USMTO) report. manufacturing storage

Manufacturing technology orders came in at $327.4 million for October, falling 0.3% from September.

However, these numbers represent the second-consecutive monthly increase in order volumes – an encouraging detail during a 15-month slump in overall growth for the manufacturing technology space, suggests a recent American Machinist article covering the report.

AMT’s USMTO study is based on actual machine tool orders, but it is not reflective of manufacturing activity, notes the article. It does, however, gauge manufacturers’ confidence in upcoming market activity.

“While the general economy continues to grow at a moderate pace, the manufacturing sector is struggling with the effects of a strong dollar, reduced commodity prices, especially oil, and struggles in key export markets like China,” says AMT president Douglas K. Woods in the article. “As the broader industry faces this slowdown, manufacturers are not making significant capital investment in new manufacturing technology.”

As manufacturers tackle an unsteady market, businesses can continue to rely on Lista’s manufacturing storage solutions to drive efficiency and productivity in an ever-changing economy.

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