The 2020 Mid-Year Economic Update_long

May Manufacturing Technology Orders Down 13.2% from April

Month's total of $337 million down 6.2 percent compared to May 2014.

May U.S. manufacturing technology orders totaled $337 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 13.2 percent from April’s $388.4 million and down 6.2 percent when compared to May 2014.

“In large part, the decline in manufacturing technology orders is due to smaller manufacturers feeling a sense of economic uncertainty and therefore hesitant to make any kind of capital investment," said Douglas K. Woods, AMT president. "In addition, the energy industry has curbed its spending, accounting for about half of the year-to-date decline in orders, and aerospace did not perform as well as expected in the first quarter. We expect the downturn to ease thanks to strong performance in the automotive and medical industries, with industrial production and a stronger PMI also indicating resilience in manufacturing."

Northeast Region

Northeast Region manufacturing technology orders in May were $62.2 million, 4.2 percent less than the $64.9 million total for April.

Southeast Region

Year-to-date manufacturing technology orders for the Southeast Region totaled $162.5 million, down 10.2 percent from the 2014 total at the same time.

North Central-East Region

With a May total of $85.3 million, North Central-East Region manufacturing technology orders were down 35.4 percent from the $132.1 million tally for April and up 6.1 percent year-over-year. Year-to-date orders totaled $507.1 million, down 7.3 percent from the comparable figure for 2014.

North Central-West Region

Manufacturing technology orders in the North Central-West Region in May totaled $63.5 million, 8.2 percent less than in May 2014 and up 13 percent year-over-year.

South Central Region

South Central Region year-to-date manufacturing technology orders for 2015 totaled $147.8 million, down 52.9 percent from the comparable figure for 2014.

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