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June U.S. manufacturing technology orders totaled $323.7 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 10.5 percent from June 2015, but was up 17.5 percent from May.
Year-to-date, total orders were $1,833.9 million, down 15.8 percent compared to the same point in 2015.
“There are many mixed indicators in manufacturing right now, a reflection of its creeping growth rate overall. There has not been enough expansion activity to truly impact capital investment in new equipment,” said AMT President Douglas K. Woods. “This historical average pickup in orders for the months that immediately follow IMTS is 32 percent, which we expect to see again this year. But beyond that our industry is not likely to see sustained growth in order activity until the broader manufacturing economy accelerates.”
For more detail on U.S. manufacturing technology orders, including data on a regional basis for six geographic breakdowns, download the PDF below.