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ECONOMIC NEWS - USA

USMTO and CTMR, September 2021:  The US Manufacturing Technology Orders (USMTO) programme tracks orders in the US market, based on the reports from participants.  In the first three-quarters of this year, orders were +53% higher than in the same period in 2020 (January to September) at $4.1 billion.  With September seeing the highest single month since the exceptional figure recorded in September 2018 at the time of the last IMTS exhibition, this is continuing the very strong recovery in orders for machinery in the US market.

This growth is spread across a range of industries – a point that is illustrated by the fact that the increase in September came despite a modest month-on-month fall in orders from machine shops which is the largest industry covered in the survey.

For confidentiality reasons we don’t have all of the regional data, but trends are published for metal cutting machines which accounted for more than 97% of the machinery orders so far in 2021, so it is a good pointer to the overall trend.  All six regions saw double-digit percentage growth compared to the first nine months in 2020;  this was led by increases of +92% in the North-Central-West region and +68% in the South-Central area ranging down to growth of “only” +17% in the South-East.

The US Cutting Tool Market Report (CTMR) tracks orders for tooling on a similar basis.  Although the rolling 12-month trend has been on an upward trajectory since April, the recovery here has been much more muted in historical terms.  In the first nine months of 2021, consumption of cutting tools is +7.4% higher than in the same months of 2020 at $1.5 billion.  It is clear that supply chain problems around both logistics and the shortage of components is causing this more modest recovery in the market compared to that for machinery orders.

You can download the press releases for the two surveys from the AMT web-site at https://www.amtonline.org/topic/intelligence, with the CTMR release also published on the USCTI web-site at www.uscti.com (go to the News Releases tab);  alternatively, you can request either or both releases from MTA and we can make sure you get them when they are published each month.