June U.S. manufacturing technology orders totaled $405.73 million, according to the latest report from The Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program, was up 12.6 percent from May, but down 2.1 percent 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 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 K. Woods in a prepared statement. “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 AMT, 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. U.S. manufacturing technology orders are reported for the following six geographic regions:
June 2014 manufacturing technology orders in the Northeast region totaled $57.71 million, 12.8 percent less than the $66.19 million for June 2013. Year-to-date orders stood at $362.78 million, off 7.9 percent 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 percent when compared with the total for 2013 at the same time.
June manufacturing technology orders in the North Central-East region totaled $119.32 million, a rise of 48.4 percent from May’s $80.43 million and 7.5 percent more than the $111 million figure for June a year ago. With a year-to-date total of $667.29 million, 2014 was 5.9 percent above the comparable figure a year ago.
June manufacturing technology orders in the North Central-West region totaled $82.90 million, up 47.8 percent when compared with May’s $56.10 million and 8.6 percent more than the June 2013 total of $76.36 million.
At $58.09 million, June manufacturing technology orders in the South Central region were down 5.7 percent when compared with last June’s $61.61 million. Year-to-date orders stood at $371.96 million, 0.2 percent less than the comparable figure for 2013.