Manufacturing Technology Numbers Up In June
June U.S. manufacturing technology orders totaled $405.73 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 12.6% from May but down 2.1% when compared with the total of $414.26 million reported for June 2013. With a year-to-date total of $2,349.38 million, 2014 is down 2.7% 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 Douglas K. Woods, AMT President. “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 United States Manufacturing Technology Orders (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. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
June 2014 manufacturing technology orders in the Northeast Region totaled $57.71 million, 12.8% less than the $66.19 million for June 2013. Year-to-date orders stood at $362.78 million, off 7.9% when compared with 2013 at the same time.
At $214.05 million, 2014 year-to-date manufacturing technology orders in the Southeast Region were down 0.8% 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 $119.32 million, a rise of 48.4% from May’s $80.43 million and 7.5% more than the $111.00 million figure for June a year ago. With a year-to-date total of $667.29 million, 2014 was 5.9% above the comparable figure a year ago.
North Central-West Region
June manufacturing technology orders in the North Central-West Region totaled $82.90 million, up 47.8% when compared with May’s $56.10 million and 8.6% more than the June 2013 total of $76.36 million.
South Central Region
At $58.09 million, June manufacturing technology orders in the South Central Region were down 5.7% when compared with last June’s $61.61 million. Year-to-date orders stood at $371.96 million, 0.2% less than the comparable figure for 2013.