The 2020 Mid-Year Economic Update_long

Manufacturing Technology Orders Rise 12.6% in June

Manufacturing technology orders down 2.1 percent year-over-year.

June U.S. manufacturing technology orders totaled $405.73 million, according The Association For Manufacturing Technology. This total was up 12.6 percent from May but down 2.1 percent when compared with June 2013. With a year-to-date total of $2,349.4 million, 2014 is down 2.7 percent compared with 2013.

“Order gains in June were driven by two factors – the end of the quarter and continued strength in key customer industries, especially automotive, aerospace, medical and energy,” said AMT President Douglas Woods. “What really warrants attention, however, is a rise in the average value of orders, as this suggests manufacturers are making investments in greater productivity as well as capacity. Our forecasts suggest continued moderate growth throughout the rest of the year and going into 2015.”

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

June 2014 manufacturing technology orders in the Northeast Region totaled $57.7 million, 12.8 percent less than the $66.2 million for June 2013. Year-to-date orders stood at $362.8 million, off 7.9 percent when compared with 2013 at the same time.

Southeast Region

At $214.05 million, 2014 year-to-date manufacturing technology orders in the Southeast Region were down 0.8 percent when compared with the total for 2013 at the same time.

North Central-East Region

June manufacturing technology orders in the North Central-East Region totaled $119.3 million, a rise of 48.4 percent from May’s $80.4 million and 7.5 percent more than the $111 million figure for June a year ago. With a year-to-date total of $667.3 million, 2014 was 5.9 percent above the comparable figure a year ago.

North Central-West Region 

June manufacturing technology orders in the North Central-West Region totaled $82.9 million, up 47.8 percent when compared with May’s $56.1 million and 8.6 percent more than the June 2013 total of $76.4 million.

South Central Region

At $58.1 million, June manufacturing technology orders in the South Central Region were down 5.7 percent when compared with last June’s $61.6 million. Year-to-date orders stood at $371.9 million, 0.2 percent less than the comparable figure for 2013.

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