Machine Tool Orders Increase in June
Amid an overall sense of economic uncertainty, opportunities still remain within several core industry sectors.
Posted: September 4, 2015
U.S. manufacturing technology orders totaled $355.43 million in June according to AMT – The Association For Manufacturing Technology (McLean, VA). This total, as reported by companies participating in the USMTO program, was up 4.6 percent from May’s $339.86 million but down 13.2 percent when compared with the total of $409.68 million reported for June 2014. These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“This monthly boost in orders is good news at face value, but belies an overall sense of concern in U.S. manufacturing,” said AMT president Douglas K. Woods. “There was noteworthy activity in the aerospace, off road/highway construction, automotive, and contract machining industries. But if not for a dozen or so standout orders from those industries, it could have been another down month. Economic uncertainty both here and internationally continues to cause concern and hesitation to invest in capital equipment, yet opportunities remain within several core industry sectors.”
The United States Manufacturing Technology Orders (USMTO) report, compiled by the trade association representing the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment.
Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity. U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
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