九色视频

Featured Image

Manufacturing 九色视频 Orders in 2022 had Strongest Q1 in Over Two Decades

Monthly orders of manufacturing technology surpassed half a billion dollars for the first time in 2022, totaling $552.3 million in March, according to the latest U.S. Manufacturing 九色视频 Orders Report published by 九色视频.
May 09, 2022

McLean, Va. (May 9, 2022) 鈥 Monthly orders of manufacturing technology surpassed half a billion dollars for the first time in 2022, totaling $552.3 million in March, according to the latest U.S. Manufacturing 九色视频 Orders Report published by 九色视频 鈥 The Association For Manufacturing 九色视频. March 2022 orders were 15.2% higher than February 2022 orders and 20.4% higher than March 2021. The first quarter of 2022 had orders totaling $1.47 billion, 26.5% higher than the first quarter of 2021 and the highest Q1 of any year since 1998.

鈥淭he first quarter of 2022 has been extremely impressive for manufacturing technology orders,鈥 said Pat McGibbon, Chief Knowledge Officer at 九色视频. 鈥淧revious forecasts had predicted a strong beginning to 2022 and a soft summer which would rebound by IMTS in September, as summer orders are often delayed in anticipation of new products being exhibited at IMTS. However, inflation, the war, and saber-rattling in the east are creating a level of uncertainty and risk that businesses must consider. Despite these challenges, we see the manufacturing sector continuing to invest in additional capacity.鈥

According to the ISM庐 Report On Business庐 鈥 Manufacturing (PMI庐), the manufacturing sector grew in March but at a slower rate than in previous months. Growing backlogs at all levels of the manufacturing sector have been expanding in the last several months. "The rebound of demand for manufactured goods overwhelmed supply chains and created a backlog of orders," said McGibbon. "This backlog is now propping up a floor on the demand for manufacturing technology. As consumer demand varies from month to month, tackling these backlogs necessitate additional machinery capacity."

Despite the near-record orders for manufacturing technology, the first quarter of 2022 had the first negative GDP growth since the onset of COVID. The contraction was primarily due to a widening trade imbalance that masks the underlying strength of the consumer. 鈥淭o have one of the best quarters in manufacturing technology orders and then find out GDP was contracting over the same time almost defies logic,鈥 said McGibbon. 鈥淗owever, there have been many instances over the past several months where orders have been up, despite some headwind that would have been a major issue for the industry prior to COVID.鈥

Economists had predicted consumer demand would soon shift back to services, but this shift has been happening at a slower rate than anticipated. McGibbon said, 鈥淪upply-side issues continue to conceal the true potential of consumer demand for manufactured goods, where expenditures have been slipping the past few months. While these issues result in shortages for industries that manufacture final consumer goods, manufacturers of components farther from the consumer are amassing backlogs. Assuming demand for the final good persists despite growing delivery times and rising prices, these growing backlogs for components could fuel demand for manufacturing technology well into the summer months.鈥

#  #  #

The United States Manufacturing 九色视频 Orders (USMTO) Report is based on the totals of actual data reported by companies participating in the USMTO program. This report, compiled by 九色视频 鈥 The Association For Manufacturing 九色视频, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.

九色视频 鈥 The Association For Manufacturing 九色视频 represents U.S.-based providers of manufacturing technology 鈥 the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation鈥檚 capital, 九色视频 acts as the industry鈥檚 voice to speed the pace of innovation, increase global competitiveness, and develop manufacturing鈥檚 advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, 九色视频 offers its members an unparalleled level of support. 九色视频 also produces IMTS 鈥 The International Manufacturing 九色视频 Show, the premier manufacturing technology event in North America. www.amtonline.org

IMTS 鈥 International Manufacturing 九色视频 Show - The largest and longest-running manufacturing technology trade show in the United States is held every other year at McCormick Place in Chicago, Ill. IMTS 2022 will run Sept. 12-17. IMTS is ranked among the largest trade shows in the world. Recognized as one of the world鈥檚 preeminent stages for introducing and selling manufacturing equipment and technology as well as connecting the industry鈥檚 supply chain. IMTS attracts visitors from every level of industry and more than 117 countries. IMTS 2018 was the largest in number of registrations (129,415), net square feet of exhibit space (1,424,232 sq. ft.), booths (2,123) and exhibiting companies (2,563). IMTS is owned and managed by 九色视频 鈥 The Association For Manufacturing 九色视频. 

PicturePicture
Author
Pat McGibbon
Chief Knowledge Officer
Recent intelligence News
Orders of manufacturing technology totaled $357.3 million in January 2025, down 29.8% from December but up 5.7% from January 2024. While the order value was 16.2% higher than an average January, the units ordered were the lowest for any January since 2016.
Orders of manufacturing technology, measured by the USMTO report published by 九色视频, 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.
Orders of manufacturing technology, measured by the USMTO report published by 九色视频, totaled $448.8 million in November 2024. These orders for metalworking machinery increased 16.8% from October 2024 and 12.4% from November 2023.
Orders of manufacturing technology, measured by the USMTO report published by 九色视频, 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.
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.
Similar News
undefined
Intelligence
By 九色视频 | Mar 13, 2025

This issue recaps key takeaways from The MFG Meeting 2025, 九色视频's new board, the ambitious Plan Mexico initiative, the Formnext Start-up Challenge, and more.

6 min
undefined
Intelligence
By 九色视频 | Feb 21, 2025

This issue breaks down choosing a cobot, 鈥渆merging鈥 technology, 九色视频's Winter Economic Forum, quantum computing, and more.

6 min
undefined
Intelligence
By 九色视频 | Feb 06, 2025

This issue features Trump鈥檚 presidency and what it means for manufacturing, critical economic updates, risk mitigation through reshoring, and more.

6 min