Amid Growing Business Investment, Fed Makes First Cut of 2025
The Federal Reserve cut the federal funds rate for the first time this year to a target range of 4% to 4.25%. Additionally, GDP growth projections increased to 1.6%, while unemployment and inflation expectations remained at 4.5% and 3%, respectively.
Economic Momentum and Technology Advances Build Excitement for IMTS 2026
The foundations for a stronger business climate, the latest advances in manufacturing technology, and the accelerated growth of industrial AI, automation, additive, software, and digital technologies are converging to build excitement for IMTS 2026.
Machinery Orders Dip Against Stronger Year-Over-Year Gains
New orders of metalworking machinery totaled $387.3 million in July 2025, a 9.5% decrease from June 2025 but a 20.1% increase from July 2024. Machinery orders placed through July 2025 totaled $2.91 billion, up 14.4% over the first seven months of 2024.
Fed Indicates Rate Cuts; Will Manufacturing Technology See Investment?
Today at the Jackson Hole Economic Symposium, the Federal Reserve gave the strongest indication to date that an interest rate cut is in the cards for September. Will manufacturers, who face a tight labor market, increase technology investments?
June 2025 US Cutting Tool Orders Total $204.1M, Down 1.8% From May
Shipments of cutting tools, measured by the Cutting Tool Market Report, totaled $204.1 million in June 2025, declining 1.8% from May 2025 and 3.9% from June 2024. Year-to-date shipments totaled $1.23 billion, a drop of 4.9% from the same period in 2024.
Machinery Orders Rise as Automation Grows, Aerospace Soars
New orders of metalworking machinery, measured by the USMTO Report from AMT, was $429.2 million in June, totaling $2.52 billion for the year, a 13.7% increase over the first half of 2024. This marked increases of 9.1% from May 2025 and 7.7% from June 2024.
Fed Holds Rates Steady Amid Diverging Views; Manufacturing Outlook Remains Strong
The Federal Reserve held the federal funds rate steady at a target range of 4.25% to 4.5% for the fifth meeting in a row. For the first time since December 1993, two members of the committee dissented.
Shrinking Imports and Continued Consumer Demand Fuel GDP Jump in Q2
Today, the U.S. Bureau of Economic Analysis released their advanced estimates of gross domestic product (GDP) for the second quarter of 2025. Real GDP increased by 3.0% on an annualized basis, driven by a sharp reduction in imports.
May 2025 US Cutting Tool Orders Total $207.8M, Down 2.3% From April
Shipments of cutting tools, measured by the Cutting Tool Market Report, totaled $207.8 million in May 2025. Orders dropped 2.3% from April 2025 and 5% from May 2024. Year-to-date shipments totaled $1.03 billion, a drop of 5.1% from the same period in 2024.
Machinery Orders Slow in May While Preserving Year-Over-Year Gains
New orders of metalworking machinery totaled $392.7 million in May 2025, an 11.8% decline from April 2025 and a 2.7% increase from May 2024. 2025 orders placed through May totaled $2.09 billion, a 15% increase over the first five months of 2024.