Chris is currently the Principal Economist at AMT – The Association for Manufacturing Technology where he examines trends in the overall economy that affect the demand for manufacturing technology. For over five years, Chris has managed surveys which compile the data necessary to get a full picture of the U.S. manufacturing landscape. Prior to AMT, Chris held varied roles in data analytics, research, sales, and marketing in an array of industries and settings. Chris holds a master’s degree in economics from The American University.
Chris is currently the Principal Economist at AMT – The Association for Manufacturing Technology where he examines trends in the overall economy that affect the demand for manufacturing technology. For over five years, Chris has managed surveys which compile the data necessary to get a full picture of the U.S. manufacturing landscape. Prior to AMT, Chris held varied roles in data analytics, research, sales, and marketing in an array of industries and settings. Chris holds a master’s degree in economics from The American University.
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.
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $209.3 million in August 2024. Orders increased 9.1% from July 2024 but were down 4.5% from August 2023.
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $360.8 million in August 2024. These orders for metalworking machinery increased 22.7% from July 2024 but fell 12% short of August 2023 orders.
The country that sent the first man to the moon turned to private companies and foreign governments to send people and projects into orbit.
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and the U.S. Cutting Tool Institute, totaled $191.8 million in July 2024. Orders decreased 7.8% from June 2024 but were up 1.7% from July 2023.
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders report published by AMT, totaled $321.7 million in July 2024, showing declines of 19.3% from June 2024 and 7.8% compared to July 2023.
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, were $208.1 million in June 2024, bringing the year-to-date total to $1.27 billion, up 2.6% compared to the first six months of 2023.
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, totaled $386.7 million in May 2024.
Fed policy generally aims to tamp down overheated demand, but as most observers have come to understand, the fundamental issue causing inflation following the pandemic-era shutdowns was firmly rooted on the supply-side of the economy.
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), were $214.4 million in May 2024.