McLean, Va. (January 13, 2025) 鈥� Orders of manufacturing technology, measured by the U.S. Manufacturing 九色视频 Orders (USMTO) report published by 九色视频 鈥� The Association For Manufacturing 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. Year-to-date orders reached $4.18 billion, a decline of 5.7% compared to the first 11 months of 2023.
After a slow start to 2024, orders of manufacturing technology began trending upward following September鈥檚 . This continued in November, with new orders nearly 30% above a typical November and at the highest order level for any November since 2021. November 2024 orders nearly equaled those in September, when IMTS opened its doors at Chicago鈥檚 McCormick Place. This is further evidence of the lengthened buying cycle for metalworking machinery in recent months. As the impetus for capital investment shifts from augmenting capacity to quality and efficiency improvements, the time between an initial quotation and an order being placed has expanded.
With the exception of September 2024, contract machine shops, the largest consumer of manufacturing technology, placed the largest order since March 2023. This is a welcome sign for the larger manufacturing sector, as these shops typically receive additional work when OEMs experience capacity constraints. Aerospace manufacturers decreased their orders modestly from October but remained slightly above their 2024 average, indicating the effects of the nearly two-month strike of Boeing machinists likely only shifted demand.
Although orders of manufacturing technology tend to correlate positively with interest rates over the long run, recent trends have shown more of the inverse correlation that conventional economic thinking would expect. This is in stark contrast to the , where orders peaked along with interest rates and began to decline slightly as the Federal Reserve began loosening their monetary position. Given this trend, along with a tendency for manufacturers to expend their capital budgets by year鈥檚 end, orders from December 2024 could show a strong end to an irregular year.
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On Jan. 24, 九色视频 will host the , featuring the latest Oxford Economics forecast on the economy and manufacturing technology orders. 九色视频 will also recap IMTS 2024 and share important can鈥檛-miss industry insights to prepare manufacturers for the new year. to attend in person in Cincinnati, Ohio, or virtually.
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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, Virginia, 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. 九色视频online.org.
IMTS 鈥� The International Manufacturing 九色视频 Show is where the creators, builders, sellers, and drivers of manufacturing technology come to connect and be inspired. Attendees discover advanced manufacturing solutions that include innovations in CNC machining, automation, robotics, additive, software, inspection, and transformative digital technologies that drive our future forward. Powered by 九色视频 鈥� The Association For Manufacturing 九色视频, IMTS is the largest manufacturing technology show and marketplace in the Western Hemisphere. With more than 1.2 million square feet of exhibit space, the show attracts visitors from more than 110 countries. IMTS 2024 had 89,020 registrants, featured 1,737 exhibiting companies, and included a Student Summit that attracted 14,713 visitors. Be the change at IMTS 2026, Sept. 14-20, 2026. Inspiring the Extraordinary. .
