|Source: Association For Manufacturing Technology|
U.S. manufacturing technology orders totaled $351.93 million in May, down 10 percent from April, according to a report issued July 14 by the Association For Manufacturing Technology. This total, as reported by companies participating in the United States Manufacturing Technology Orders program, was down 17.5 percent when compared with the total of $426.40 million reported for May 2013. With a year-to-date total of $1,971.83 million, 2014 is down 1.4 percent compared with 2013.
“Expectations for the 2014 manufacturing technology market were for a soft first half of the year, followed by a stronger second half,” said Douglas K. Woods, AMT president, in a prepared statement. “The fluctuations seen in the past few months are on track with forecasts, and all indications are that U.S. manufacturing activity is and will remain strong. The PMI continues to stay above 50, capacity utilization is on the rise, and both auto sales and aerospace backlogs are growing, all indications that our customers’ businesses are healthy. We expect continued investments in capital expansion through year’s end.”
The 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.
U.S. manufacturing technology orders are reported on a regional basis for six geographic breakdowns of the United States.
Year-to-date 2014 manufacturing technology orders in the Northeast Region through May totaled $337.42 million, 2.9 percent more than the comparable figure for 2013.
At $180.61 million, year-to-date manufacturing technology orders in the Southeast Region were up 5.5 percent when compared with the total for 2013 at the same time.
North Central-East Region
May manufacturing technology orders in the North Central-East Region totaled $81.83 million, down 16.8 percent from April’s $98.42 million and down 16.7 percent when compared with last May. At $551.42 million, year-to-date 2014 was up 6.2 percent when compared with 2013 at the same time.
North Central-West Region
May manufacturing technology orders in the North Central-West Region totaled $53.70 million, down 17.8 percent when compared with April’s $65.37 million and 27.2 percent less than the May 2013 total of $73.76 million.
South Central Region
With a year-to-date total of $313.77 million, manufacturing technology orders in the South Central Region were up 0.9 percent when compared with 2013 at the same time.
For more information on the May 2014 USMTO report, visit www.amtonline.org.