Manufacturing technology orders totaled $426.83 million in June, say officials at AMT - The Association for Manufacturing Technology, a 5.8 percent decrease from what was reported in May and a 5.7 percent decrease from the $452.75 million reported in June 2012
With a year-to-date total of $2,538.55 million, 2013 is down 5.7 percent compared with 2012, according to the trade association’s monthly analysis, titled The United States Manufacturing Technology Orders report.
Still, AMT President Douglas K. Woods says it is typical for orders to experience a modest drop going into the summer months.
“We’ve seen this lull in six of the past nine summers,” he says. “It’s important to remember that in the overall picture, this is a very strong order level.”
He adds that manufacturing is still the key area driving the economy – and its recovery.
“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,” he says.
The report, officials say, provides regional and national U.S. orders data of both 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.
The following is how manufacturing technology orders reportedly fared in the six geographical regions:
June manufacturing technology orders in the Northeast Region totaled $66.29 million, down 21.8% when compared with May’s $84.80 million and off 3.5% from the total for June 2012. With a year-to-date total of $403.45 million, 2013 is up 1.3% when compared with 2012 at the same time.
Southeast Region manufacturing technology orders in June stood at $49.75 million, up 12.2% from May’s $44.36 million but 24.0% less than the total for June 2012. The $233.75 million year-to-date total is 15.0% 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% when compared with May’s $103.32 million and 6.0% more than the June 2012 total. At $654.66 million, 2013 year-to-date is 6.0% 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% when compared with June 2012. The year-to-date total of $489.65 million is 0.6% 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% when compared with the $65.23 million total for May and down 15.7% when compared with June a year ago. With a year-to-date total of $383.01 million, 2013 is down 22.6% when compared with 2012 at the same time.
West Region manufacturing technology orders in June totaled $56.91 million, 27.2% lower than May’s $78.15 million but up 5.7% when compared with the total for June 2012. With a year-to-date total of $374.03 million, 2013 is up 11.7% when compared with 2012 at the same time.
About 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.