July U.S. manufacturing technology orders totaled $320 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 19 percent from June orders of $397 million and up 23 percent from July 2016 order level.
With a year-to-date total of $2,387.6 million, 2017 was up 10.1 percent when compared with 2016.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
The nearly three-year decline in the U.S. manufacturing technology market turned the corner last March with a string of year-over-year improvements in order levels. IMTS 2016 rekindled the market last fall but it was not until March that year-over-year numbers began to consistently show a positive, accelerating trend upwards. At the current expansion rates, manufacturing technology orders are likely to outpace the growth rates analysts forecasted at last October’s Global Forecasting and Marketing Conference hosted by AMT.
“It is encouraging to see the U.S. manufacturing markets and economy improving, especially when the European and Asian markets are not doing as well,” said AMT President Douglas K. Woods. “AMT is excited about the prospects for 2017 and the possibilities in 2018, particularly if Washington takes steps to address tax reform and infrastructure spending.”
For more detail on U.S. manufacturing technology orders, including data on a regional basis for six geographic breakdowns, download the PDF below.
