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Manufacturing Technology Orders Down In June

Mon, 08/12/2013 - 2:13pm
AMT

June U.S. manufacturing technology orders totaled $426.83 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 5.8 percent from May and down 5.7 percent when compared with the total of $452.75 million reported for June 2012. With a year-to-date total of $2,538.55 million, 2013 is down 5.7 percent compared with 2012.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.

“It’s typical for orders to experience a modest drop going into the summer months, and we’ve seen this lull in six of the past nine summers. It’s important to remember that in the overall picture, this is a very strong order level,” said Douglas K. Woods, AMT President. “Manufacturing is still the key area driving the economy. With durable goods orders at a record level of $244 billion in June, and the Purchasing Managers’ Index at 55, we expect manufacturing technology orders to hold steady through the end of the year.”

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. 

Northeast Region

June manufacturing technology orders in the Northeast Region totaled $66.29 million, down 21.8 percent when compared with May’s $84.80 million and off 3.5 percent from the total for June 2012. With a year-to-date total of $403.45 million, 2013 is up 1.3 percent when compared with 2012 at the same time.

Southeast Region

Southeast Region manufacturing technology orders in June stood at $49.75 million, up 12.2 percent from May’s $44.36 million but 24.0 percent less than the total for June 2012. The $233.75 million year-to-date total is 15.0 percent lower than the comparable figure for 2012.   

North Central-East Region

Manufacturing technology orders in the North Central-East Region in June totaled $112.90 million, up 9.3 percent when compared with May’s $103.32 million and 6.0 percent more than the June 2012 total. At $654.66 million, 2013 year-to-date is 6.0 percent less than the total for 2012 at the same time.

North Central-West Region

North Central-West Region manufacturing technology orders totaled $78.13 million in June, up slightly from the $77.45 million tallied in May but down 6.5 percent when compared with June 2012. The year-to-date total of $489.65 million is 0.6 percent lower than the comparable figure for 2012.     

South Central Region

At $62.86 million, June manufacturing technology orders in the South Central Region were down 3.6 percent when compared with the $65.23 million total for May and down 15.7 percent when compared with June a year ago. With a year-to-date total of $383.01 million, 2013 is down 22.6 percent when compared with 2012 at the same time.                                                                              

West Region

West Region manufacturing technology orders in June totaled $56.91 million, 27.2 percent lower than May’s $78.15 million but up 5.7 percent when compared with the total for June 2012. With a year-to-date total of $374.03 million, 2013 is up 11.7 percent when compared with 2012 at the same time.

 

The Association For Manufacturing Technology

AMT – The Association For Manufacturing Technology represents and promotes U.S.-based manufacturing technology and its members—those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing. Founded in 1902 and based in Virginia, the association specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis. AMT is the voice that communicates the importance of policies and programs that encourage research and innovation, and the development of educational initiatives to create tomorrow’s Smartforce.  AMT owns and manages IMTS – The International Manufacturing Technology Show, which is the premier manufacturing technology event in North America. The USMTO report is compiled by AMT and all data in the report is based on the totals of actual data reported by companies participating in the USMTO program.

USMTO data is also available at www.AMTonline.org.

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