We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Policy.
  • TOPICS
    • Design
    • Manufacturing
    • Applications
    • Components
    • Industry
    • MRO
  • MAGAZINE
    • Current Issue
    • Departments
    • Archives
    • Subscribe
    • Advertise
  • NEWSLETTER
  • VIDEO
    • Power Transmission Engineering TV
  • BLOGS
    • Revolutions
    • Editors Choice
    • Motor Matters with George Holling
    • Bearings with Norm
  • BUYER'S GUIDE
  • NEWS and EVENTS
    • Product News
    • Industry News
    • Events
  • Advertising
    • Brand Awareness
      • Print: Display Advertising
      • Print: Engineering Showcase
      • Online: Web Banners & Keyword Banners
      • Online: Sponsored Content (Native Advertising)
      • E-mail: Custom, White Papers & Webinars
      • Email: Sponsored Content (Native Advertising)
    • Response & Lead Generation
      • E-Mail: Sponsored Content (Native Advertising)
      • E-mail: Newsletters
      • E-mail: Custom, White Papers & Webinars
      • Online: Buyers Guide
      • Online: Sponsored Content (Native Advertising)
    • Print
      • Print: Display Advertising
      • Print: Engineering Showcase
      • Print: IMTS/Hannover Messe USA Showstoppers (September 2022)
      • Print: Buyers Guide
      • Print: Engineering sMart
      • Print: Specifications
    • Online
      • Online: Web Banners and Keyword Banners
      • Online: Buyers Guide
      • Online: Sponsored Content (Native Advertising)
      • Online: Specifications
    • E-Mail
      • E-mail: Newsletters
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Sponsored Content (Native Advertising)
      • E-mail: Specifications
    • Special Promotions
      • Print: Engineering Showcase
      • Print: Showstoppers(IMTS/Hannover Messe USA)
      • Print: Buyers Guide
      • Print: Engineering sMart
  • Contact Us
  • AGMA
    • Membership
    • Events
    • Education
    • Emerging Technology
    • AGMA Media
      • Gear Technology
      • Gear Technology India
    • Standards
Subscribe
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » AMT Reports on Status of Manufacturing Technology Orders

AMT Reports on Status of Manufacturing Technology Orders

May 14, 2020
U.S. manufacturing technology orders increased 8% in March from the previous month to $301.2 million, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. New orders were 29.3% lower than in March 2019. Total orders through March 2020 were $863 million, 26.1% lower than YTD 2019 orders.

“We were anticipating an increase in orders from February since many companies’ fiscal years end in March, which typically drives up orders,” said Douglas K. Woods, president of AMT. “Yet while orders in the first half of March were fairly robust, order volume decelerated rapidly in the second half of the month as stay-at-home orders were put into place.”

Woods continued, “Going forward, we expect April and May orders to be significantly impacted by the inability of salespeople to meet with new prospects and visit customers’ facilities. While videoconferencing is productive in some situations, it cannot effectively substitute for face-to-face meetings with customers
at their facilities. This drop-off in quotations is most visible in the contracting machining sector, which represents nearly a third of the manufacturing technology customer base and is seeing a 70-80% drop in new quotation activity. If this rate of decline is representative of other key sectors, then much of the industry can expect a large drop-off in order volumes in the second and third quarters. Bucking the downward trend are defense, space, and medical equipment – and there are encouraging signs that automotive is slowing scaling back up as well.”
Industry News
  • Related Articles

    Velo3D Adds Pawlikowski to Board of Directors

    SMT Offers Training Workshop on Improving MASTA Model Fidelity

    Forest City Gear Announces Appointment of New President, Kika Young

Free Power Transmission Engineering Subscriptions
Subscribe
Free Power Transmission Engineering Subscriptions
Subscribe
FEATURED VIDEO
  • Regal Rexnord Motor Minute: Why Do Direct Drive Motor Shafts Have a Flat Side?
March 21, 2022
RECOMMENDED
  • The Flexibility Factor

    April 12, 2022
    Huco2.jpg
  • Rapid Advancement at Automate 2022

    April 12, 2022
    Depositphotos_204041702_XL.jpg
  • Breaking the 4th Industrial Wall

    April 12, 2022
    Depositphotos_56883369_XL.jpg
  • The Extreme Ends of Turbine Condition Monitoring

    May 6, 2022
    wind farm1.jpg
  • LogiMat 2022 Offers Motion Control and Robotic Technologies

    April 18, 2022
    Logi1.jpg
  • The Extreme Ends of Turbine Condition Monitoring

    May 6, 2022
    wind farm1.jpg
  • LogiMat 2022 Offers Motion Control and Robotic Technologies

    April 18, 2022
    Logi1.jpg
  • The Flexibility Factor

    April 12, 2022
    Huco2.jpg
  • Subscribe
  • Advertise
  • Contribute
  • Gear Technology
Powered byAGMA
Copyright © 2022 Power Transmission Engineering
  • Privacy Policy
  • Contact