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Manufacturing Technology Orders Show Gain Over June, While YOY and YTD Show Drops

Tuesday, September 10, 2019
 
U.S. manufacturing technology orders totaled $383.7 million in July 2019, an increase of 7 percent over June 2019 but a fall of 5 percent from July 2018, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association for Manufacturing Technology. The total value of manufacturing technology ordered through July 2019 was $2.64 billion, a decrease of 12 percent from the 2018 year-to-date total of $2.98 billion.

“Our industry appreciated the good news that July orders out-paced June. The more interesting fact was that job shops accounted for nearly a third more of total orders than in 2018,” says Douglas K. Woods, president of the Association For Manufacturing Technology, ”Clearly, other larger manufacturers are putting off capex and addressing capacity needs by outsourcing production shortfalls with job shops. We suspect the impetus is the uncertainty with the current market and future economic conditions.” 

Machine shops decreased orders over the previous month for the first time since April 2019. The government and defense sector led all other industries in month-over-month gains but only accounted for a small fraction of the total orders placed. The automotive sector increased orders by more than half, and orders from aerospace increased a fifth from June 2019.

 

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