December 2024 US Cutting Tool Orders Total $179.5 Million, Down 0.6% Year to Date From 2023
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $179.5 million in December 2024, down 2% from November 2024. Shipments totaled $2.43 billion for 2024, down 0.6% from 2023.
Manufacturing Technology Orders Fall for 3rd Year; Beat Expectations
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $513.8 million in December 2024, the highest level since March 2023. This showed an increase of 15% from November 2024 and was 5.4% behind December 2023.
Strong End to 2024 Despite Mixed Signals for Manufacturing Technology
The U.S. Bureau of Economic Analysis released their first estimate of GDP for the fourth quarter of 2024. According to the first estimate, GDP grew 2.3% at an annualized rate. This was driven by strong consumer demand but held back by lagging investment.
MFG 2025 Brings Speakers From Google Cloud, Nvidia, and More to San Antonio
The MFG Meeting, the annual leadership conference of AMT, in partnership with NTMA, will feature a future-facing lineup of speakers. Attendees will hear from speakers from Google Cloud, Nvidia, Wolfspeed, ITR Economics, BlueForge Alliance, and more.
Fed Holds Rates Steady Amid Rising Demand for Manufacturing Technology
Today the Federal Reserve announced they would hold benchmark rates at a target range of 4.25% to 4.50% in a widely anticipated move. This is the first meeting where the Fed held rates steady since they began to cut rates in September 2024.
November 2024 US Cutting Tool Orders Total $183.1 Million, Down 0.3% Year-to-Date From 2023
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $183.1 million in November 2024. Orders decreased 13.8% from October 2024 and were down 9.7% from November 2023.
November Manufacturing Technology Orders Climb, Setting Up Strong End to 2024
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $448.8 million in November 2024. These orders for metalworking machinery increased 16.8% from October 2024 and 12.4% from November 2023.
Fed Cuts Rates; Will Capital Investment Increase To Grow Capacity?
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.
Oct. 2024 US Cutting Tool Orders Total $212.5M, Up 12.6% From Sept.
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.
MT Orders Decline Post-IMTS; Aerospace Investment Rebounds
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.