Expectations for the 2014 manufacturing technology market were for a soft first half of the year, followed by a stronger second half. The fluctuations seen in the past few months are on track with forecasts, and all indications are that U.S. manufacturing activity is and will remain strong
U.S. Manufacturing technology orders in May 2014 totaled $351.9 million, according to AMT–The Association for Manufacturing Technology.
This total, as reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program, was down 10% from April, and down 17.5% when compared with the total of $426.4 million reported for May 2013. With a year-to-date total of $1,971.8 million, 2014 is down 1.4% compared with 2013.
"Expectations for the 2014 manufacturing technology market were for a soft first half of the year, followed by a stronger second half. The fluctuations seen in the past few months are on track with forecasts, and all indications are that U.S. manufacturing activity is and will remain strong," said Douglas
Bad Drop
Manufacturing technology orders were down 17.5% in May compared to May of 2013, but the year-to-date total is down only 1.4%.
Woods, AMT president. "The Purchasing Managers' Index (PMI) continues to stay above 50, capacity utilization is on the rise, and both auto sales and aerospace backlogs are growing. These are all indications that our customers’ businesses are healthy. We expect continued investments in capital expansion through year’s end."The USMTO report, which is compiled by the trade association, represents the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment.Regional leaders in the report included the southeastern U.S. with $180.6 million in manufacturing orders through May, which was a 5.5% increase over the same period in 2013, and the northeastern U.S., which had $337.4 in manufacturing orders through May, which was a 2.9% increase over 2013.
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