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Intelligence
Nov 11, 2024
September 2024 Manufacturing Technology Orders Jump as IMTS Returns to Chicago
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.
Intelligence
Nov 07, 2024
Fed’s Soft Landing May Ignite Manufacturing Technology Market Growth
In a widely anticipated move, the Federal Reserve slashed the federal funds rate by another 25 basis points to a target range of 4.5% to 4.75%. The manufacturing technology industry may find itself at the beginning of a strong market.
Intelligence
Oct 30, 2024
Latest GDP Release Shows Manufacturing Sectors Exceed General Economic Growth
Today the U.S. Bureau of Economic Analysis released their first estimate of GDP for the third quarter of 2024. According to the first estimate, GDP grew 2.8% at an annualized rate.
Technology
Oct 30, 2024
Challenging Market and Industry Conditions Lead to Postponement of Formnext Chicago
The organizations behind Formnext Chicago formally announce the postponement of the show, which was due to launch April 8-10, 2025, at Chicago’s McCormick Place.
Intelligence
Oct 16, 2024
August 2024 US Cutting Tool Orders Total $209.3 Million, Up 9.1% From July 2024
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $209.3 million in August 2024. Orders increased 9.1% from July 2024 but were down 4.5% from August 2023.
Intelligence
Oct 14, 2024
August Manufacturing Technology Orders Fall Short of 2023; Outlook Optimistic for Remainder of 2024
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $360.8 million in August 2024. These orders for metalworking machinery increased 22.7% from July 2024 but fell 12% short of August 2023 orders.
Intelligence
Sep 20, 2024
July 2024 US Cutting Tool Orders Total $191.8 Million, Up 2.5% Year-to-Date
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and the U.S. Cutting Tool Institute, totaled $191.8 million in July 2024. Orders decreased 7.8% from June 2024 but were up 1.7% from July 2023.
Technology
Sep 19, 2024
Can-Do Attitude, Positivity Pervade IMTS 2024
With more than 40 million pounds of machinery on over 1.2 million square feet, IMTS 2024 energized nearly 90,000 registrants, including 14,713 at the Smartforce Student Summit, with automation, digital manufacturing, and solutions for higher productivity.
Intelligence
Sep 18, 2024
What the Fed Interest Rate Cut May Mean for Manufacturers
In a highly anticipated move, Federal Reserve Chair Jerome Powell announced the target rate would be cut 50 basis points, bringing the federal funds rate to a 4.75% to 5% target range.
Intelligence
Sep 11, 2024
Manufacturing Technology Orders Look To Rebound as IMTS 2024 Opens, Rate Cuts Loom
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders report published by AMT, totaled $321.7 million in July 2024, showing declines of 19.3% from June 2024 and 7.8% compared to July 2023.
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