Orders for machine tools posted mixed results in September, according to data posted by the Association for Manufacturing Technology.
Orders totaled $403.05 million in September, AMT (McLean, VA) said in a monthly report. That’s a 6.1% gain from an adjusted $379.85 million in August. However, it was down 26% from $541.44 million in September 2016.
The year-earlier comparison is a bit skewed. September 2016 was the most recent International Manufacturing Technology Show, the huge Chicago machine tool trade show. IMTS is produced by AMT and held every other year.
Machine tool orders showed improvement for the first nine months of 2017.
Such orders totaled $3.18 billion during the period. That’s a 5.4% gain compared with $3.02 billion for the first nine months of 2016.
The figures for machine tool orders are based on information from companies participating in AMT’s US Manufacturing Technology Orders program.
Machine tool orders began to slide in mid-2014 amid falling oil prices. Orders improved in the second half of 2016 but a sustained recovery didn’t start until March of this year.
The 2016 IMTS show provided a short-term surge. AMT last year referred to a September 2016 gain in orders as the “IMTS effect.”
Besides energy, major consumers of machine tools include the automotive and aerospace industries.