USMTO News Release - U.S. Manufacturing Technology Orders
 

Contact:
Penny Brown, AMT, 703-827-5275
pbrown@AMTonline.org

Updated Release: July 11, 2016

 


 

 

 Declines Ease for Manufacturing Technology Orders in May 
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     Manufacturing technology orders for May 2016 fell 18.2 percent compared to May 2015, according to the latest U.S. Manufacturing Technology Orders report from AMT – The Association For Manufacturing Technology. Through the first five months of 2016, orders are down 16.7 percent compared to the same point the prior year. However, as orders were down just 1.4 percent compared to April, this may indicate that the overall order decline is slowing.

     “Overall we are seeing improved sentiment from manufacturing technology providers, as certain key industry sectors are indicating signs of growth – in particular agriculture, which has been stagnant for an extended period, and a resurgent aerospace industry,” said AMT President Douglas K. Woods. “The general economy looks healthier with an especially strong jobs report for June and improved consumer sentiment. With the latest PMI coming in at 53.2, we’re optimistic that the elements are coming together for recovery in manufacturing and the manufacturing technology market over the next several months.”

     Concerns around Britain’s vote to exit the European Union and its potential impact on U.S. manufacturing also appear to be easing, as industry forecasters predict only a mild effect for the manufacturing technology market. Some economists predict it could even encourage foreign direct investment into the United States as companies look to do business in places other than the United Kingdom.

     May 2016 manufacturing technology orders were valued at $277.74 million, compared to $339.50 million in May 2015. Year to date, total orders stand at $1,512.26 million, compared to $1,815.93 million at the same point a year ago. USMTO data is a reliable leading economic indicator as manufacturing companies invest in capital metalworking equipment to increase capacity and improve productivity.

 

 
 
 
 
 

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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.

 

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