Fed Interest Rate Cuts Could Lead to Increased Capital Investment as Capacity Constraints Grow
Any move by the Federal Reserve that keeps the economy growing at or above its current pace would spur additional investment in manufacturing technology given the currently elevated capacity utilization levels.
October 2024 US Cutting Tool Orders Total $212.5 Million, Up 12.6% From September 2024
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled by AMT and USCTI, totaled $212.5 million in October 2024, a 12.6% increase from September 2024 but down 0.2% from October 2023. Year-to-date shipments totaled $2.07 billion.
Post-IMTS Decline in Manufacturing Technology Orders Blunted by Rebound in Aerospace Investment
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $385 million in October 2024, a 14.5% decrease from September. Year-to-date orders reached $3.74 billion, a decline of 7.5% compared to the first 10 months of 2023.
September 2024 US Cutting Tool Orders Total $188.7 Million, Up 0.7% Year-to-Date
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $188.7 million in September 2024. Orders decreased 10% from August 2024 and were down 6.3% from September 2023.
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.
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.
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.
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.
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.
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.