What is in this article?:
- Machine Tool Orders Gain Ground in June
- North Central East Region Leads Results
AMT sees sustainability in demand, despite lagging year/year and YTD results
- +12.6% May-to-June
- -2.1% June ‘13-June ‘14
- -2.7% Jan.-June 2013/2014
- Midwest’s strong metal cutting orders
Domestic manufacturers’ new orders for machine tools and related products increased 12.6% from May to June, rising from a revised May total of $360.18 million to $405.73 million. There was no improvement in the year-on-year result, however, as the latest month falls 2.1% behind the June 2013 order total.
The June figures bring the six-month total for 2014 machine tool orders to $2,349.38 million, meaning the year-to-date orders stand at $2,349.38 million, down 2.7% compared with the January-June 2013 total.
The results are found in the latest U.S. Manufacturing Technology Orders report, a monthly summary of nationwide and regional machine tool orders compiled by the AMT – the Association for Manufacturing Technology. The USMTO program monitors demand for metal-cutting equipment and metal forming and fabricating equipment, both domestically sourced and imported products, with the combined figure representing the monthly total.
“Order gains in June were driven by two factors,” observed AMT president Douglas K. Woods, ”the end of the quarter and continued strength in key customer industries, especially automotive, aerospace, medical and energy.
“What really warrants attention, however, is a rise in the average value of orders, as this suggests manufacturers are making investments in greater productivity as well as capacity,” Woods continued. “Our forecasts suggest continued moderate growth throughout the rest of the year and going into 2015.”