The 2020 Mid-Year Economic Update_long

Manufacturing Technology Orders Down 11.5% from June

Manufacturing technology orders down 1.4 percent year-over-year.

July U.S. manufacturing technology orders totaled $354.63 million according to The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 11.5 percent from June and down 1.4 percent when compared with the total of $359.70 million reported for July 2013. With a year-to-date total of $2,711.36 million, 2014 is down 2.3 percent compared with 2013.

 “We continue to see manufacturing as a leading player in the U.S. economy,” said AMT President Douglas Woods. “While manufacturing technology orders were down for the month, we believe we are coming into an environment ripe for capital investment. With a strong PMI reading in July and a record high for U.S. exports, manufacturing shows no signs of slowing. Additionally, as capital equipment is reaching an advanced age and interest rates are continuing to stay low, we believe we will see strong order activity in the months following IMTS.”

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.

Northeast Region

Year-to-date manufacturing technology orders in the Northeast Region through July totaled $430.85 million, off 8.4 percent when compared with 2013 at the same time.

Southeast Region

At $245.17 million, 2014 year-to-date manufacturing technology orders in the Southeast Region were down 2.4 percent when compared with the total for 2013 at the same time.

North Central-East Region

July manufacturing technology orders in the North Central-East Region totaled $91.30 million, down 21.9 percent from June’s $116.87 million but up 10.3 percent when compared with the $82.79 million figure for July 2013. With a year-to-date total of $754.86 million, 2014 was 5.9 percent higher than the 2013 total at the same time.

South Central Region

At $65.07 million, July manufacturing technology orders in the South Central Region were up 14.9 percent from June’s $56.63 million and up 6.9 percent from the $60.85 million total for July 2013.  Year-to-date orders totaled $434.78 million, 0.3 percent more than the comparable figure for 2013.

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