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July U.S. manufacturing technology orders were $351.21 million according to AMT - The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 23.6 percent from June and down 23.6 percent from July 2012. With a year-to-date total of $2.9 billion, 2013 is down 7.2 percent compared with 2012.
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 muted order activity is not atypical for summer months, and is concurrent with other monthly readings that indicated a drop in durable goods orders and a flat industrial production index. Despite this seasonal dip, however, the bigger picture for manufacturing remains positive,” said AMT President Douglas K. Woods.
“It’s important to note that in regional USMTO activity, the Northeast and West regions are at their highest average and year-to-date values in 15 years, thanks to the precision parts and aerospace industries. Meanwhile, the PMI posted its third consecutive monthly gain. We anticipate a continued pattern of modest but sustained growth through the end of 2013.”
The 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 U.S.
Northeast Region manufacturing technology orders in July were $73.72 million, up 4.5 percent when compared with June and 9.7 percent higher than July 2012. With a year-to-date total of $482.22 million, 2013 is up 3.6 percent versus 2012 at the same time.
July manufacturing technology orders in the Southeast Region were $34.95 million, down 34.7 percent from June and off 30.9 percent from July 2012. At $272.75 million, the 2013 year-to-date total is 16.2 percent lower than the 2012 total at the same time.
North Central-East Region
North Central-East Region manufacturing technology orders in July were $82.15 million, down 33.5 percent from June and 25 percent less than July 2012. The $747.12 million year-to-date total is 7.3 percent lower than the comparable figure for 2012.
North Central-West Region
Manufacturing technology orders in the North Central-West Region in July were $57.30 million, down 32.5 percent compared to June and off 27.6 percent from July 2012. At $554.93 million, 2013 year-to-date is 3 percent lower than 2012 at the same time.
South Central Region
South Central Region manufacturing technology orders were $58.05 million in July, down 12.1 percent from June and down 14.9 percent from July 2012. The year-to-date total of $444.25 million is 21.1 percent lower than the comparable figure for 2012.
At $45.04 million, July manufacturing technology orders in the West Region were down 26.5 percent from June and down 46.9 percent from July a year ago. With a year-to-date total of $423.85 million, 2013 is up 1 percent when compared with 2012 at the same time.