Despite Gains Over June, US Manufacturing Technology Orders through July Off 11.7%
U.S. manufacturing technology orders totaled $383.7 million in July 2019, an increase of 7% over June 2019 but a fall of 5% 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% 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,” said 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.”