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May U.S. Manufacturing Capex Higher Than April, But Off Year Over Year

July 12, 2023

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July 12, 2023

May U.S. Manufacturing Capex Higher Than April, But Off Year Over Year

New orders of manufacturing technology increased 8.6 percent over April 2023 but fell short of May 2022 orders by 16.7 percent, according to the latest U.S. Manufacturing Technology Orders Report published by AMT–The Association For Manufacturing Technology. Year over year orders for 2023 lag those for 2022 by nearly 15 percent.

“May orders increased but not enough to make up for the record decline we saw in April,” says Douglas K. Woods, AMT president. “Job shops increased orders at a slightly faster pace than the general market, but many large consumers of manufacturing technology decreased orders for the second month in a row. Significant growth from typically smaller consumers of manufacturing technology highlights some interesting changes in how and where goods are manufactured, particularly in anticipation of government spending programs.”

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2023 Mexico Light-Vehicle Manufacturing Rises 13.9 Percent through June

…according to the most recent data released by INEGI (Mexico’s statistics agency) and reported by Mexico News Daily. This jump, as compared to the first six months of 2022, reflects continued recovery from the pandemic in the Mexico light-vehicle production sector. INEGI data show production of 1.9 million light vehicles—76.5 percent were light trucks—in the first half of 2023.

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From the June/July Issue of MetalForming

Is It a Tool, Die or Both?

Although tool and die firms are small in number and total employment, they play a vital role in manufacturing innovation. Any durable-goods manufacturer seeking to introduce a new product is likely to require customized tools, dies and molds to make metal, plastic and ceramic components.

Data-Driven Technologies Drive Efficiency
Rolling and annealing processes at Ulbrich Stainless Steels and Special Metals are highly sophisticated and now equipped with many Internet of Things sensors. From these devices the firm gathers a lot of data, providing the visibility needed to reduce process variability and to identify and reduce waste.