Intelligence

Real U.S. economic output increased at an annualized rate of 1.5% in the second quarter of 2026, according to the advanced estimate issued today by the Bureau of Economic Analysis. This was below expectations after the previous quarter grew at 2.1%

The Federal Reserve announced today that interest rates will remain steady at a target range of 3.5% to 3.75%. An aggressive statement against inflation from Fed Chair Kevin Warsh in the prior meeting led markets to anticipate two rate increases in 2026.

AMT’s Summer Economic Forum highlighted manufacturing demand, growth opportunities, and key risks ahead of MTForecast 2026, Oct. 14-16.

For brothers Bob and Larry Ianitelli and nephew Tony Tyll of Belmont Equipment & Technologies, manufacturing innovation is not a trend. It is a family tradition.

U.S. industrial production was flat in June 2026 compared to May 2026, but 1.1% above June 2025, according to the latest report from the Federal Reserve. Capacity utilization dipped slightly to a level 3.3 percentage points below the long-run average.

The Newest USMTO Report; Federal  Financing; The Summer Economic Forum; and More.

AMT’s new executive editor, Robert Schoenberger, will lead a renewed effort to connect members with AMT’s extensive resources and deliver actionable, inspiring content that supports manufacturers across the industry.

New orders of metalworking machinery totaled $583.4 million in May 2026, a 1.8% decline from April 2026, but a 47.8% increase over May 2025. Over the first five months of 2026, manufacturing technology orders totaled $2.77 billion, 31.9% over 2025.

Steve Stokey reflects on four decades in manufacturing, discussing technology, culture, workforce development, and why American manufacturing is regaining momentum.

Shipments of cutting tools totaled $239.8 million in May 2026. The value of shipments decreased 7.4% from April 2026 but was up 15.2% from May 2025. Year-to-date shipments totaled $1.2 billion, up 16.8% from the same period in 2025.