U.S. manufacturing technology orders in May posted double-digit growth rates month over month and year over year, demonstrating strong, sustained growth in the sector, according to the U.S. Manufacturing Technology Orders report from AMT – The Association For Manufacturing Technology. Overall, orders totaled $485 million in May, bringing the year-to-date totals to $2.1 billion or 26 percent higher than the first five months of 2017.
Manufacturing journalist Thomas R. Cutler corroborated the AMT finding that every region saw an increase in orders, with the South central showing gains that point to a rebound in the region for manufacturing technology expenditures. Large investment programs announced by the auto industry 18-24 months ago are finally beginning to bear fruit with May orders. AMT shared that an overwhelming majority of the new orders will be going to the “New Detroit” (Tennessee, Alabama, Georgia and the Carolinas). A sector to watch is the engine and turbine industry. Power generation is seeking a rapid increase in capacity. The West and Southeast are the two areas that seem to be driving this growth, though New England is still very strong in this sector.
General economic indicators that lead the manufacturing technology market also continue to be positive; this point is punctuated by the slight rise in the Purchasing Managers Index, up to 58.7 from 57.3.
About TR Cutler, Inc.
TR Cutler, Inc. was founded nearly twenty years ago by Thomas R. Cutler. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., (www.trcutlerinc.com), the largest manufacturing communication firm worldwide with four dozen industry experts and thought leaders on staff. Cutler maintains extraordinary relationships with clients, journalists, editors, economists, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector. Cutler founded the Manufacturing Media Consortium in 1999, which now has more than 6,000 global members including journalists, editors, publishers, and economists, worldwide writing about trends, industrial data, manufacturing case studies, material handling profiles, and robotics feature articles. Cutler works with thousands of media outlets to expand the coverage and importance of the manufacturing media coverage.
Cutler has authored more than 6,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals each published in leading monthly trade magazines, B2B periodicals, blogs, and marquis publications globally. Cutler is the most published freelance industrial journalist worldwide, and more than 3500 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.
Company Name: TR Cutler Inc.
Contact Person: Thomas R. Cutler
Email: Send Email
Address:3032 S. Oakland Forest Dr. S-2803
City: Fort Lauderdale
Country: United States