Manufacturing Technology Orders Up in June Despite Continued Uncertainty
June U.S. manufacturing technology orders totaled $355.43 million, up 4.6 percent from May’s $339.86 million, according to The Association For Manufacturing Technology. June 2015 orders were down 13.2 percent when compared with the total of $409.68 million reported for June 2014. With a year-to-date total of $2,157.64 million, 2015 was down 8.7 percent when compared with 2014.
These numbers and all data in the AMT report are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Orders (USMTO) report 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 AMT, 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.
