Manufacturing Technology Orders Down 7.9% in 2015 | Automation.com

Manufacturing Technology Orders Down 7.9% in 2015

Manufacturing Technology Orders Down 7.9% in 2015

July 13, 2015 - May U.S. manufacturing technology orders totaled $336.98 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 13.2% from April’s $388.43 million and down 6.2% when compared with the total of $359.28 million reported for May 2014. With a year-to-date total of $1,798.34 million, 2015 was down 7.9% when compared with 2014.

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

“In large part, the decline in manufacturing technology orders is due to smaller manufacturers feeling a sense of economic uncertainty and therefore hesitant to make any kind of capital investment,” said AMT President Douglas K. Woods. “In addition, the energy industry has curbed its spending, accounting for about half of the year-to-date decline in orders, and aerospace did not perform as well as expected in the first quarter. We expect the downturn to ease thanks to strong performance in the automotive and medical industries, with industrial production and a stronger PMI also indicating resilience in manufacturing.”

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.

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.

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