July manufacturing technology orders fall
July U.S. manufacturing technology orders totaled $354.63 million, down 1.4% when compared with the total of $359.70 million reported for July 2013.
This total, according to AMT – The Association For Manufacturing Technology, was down 11.5% from June. With a year-to-date total of $2,711.36 million, 2014 is down 2.3% compared with 2013.
“We continue to see manufacturing as a leading player in the U.S. economy. While manufacturing technology orders were down for the month, we believe we are coming into an environment ripe for capital investment,” said Douglas K. Woods, president, AMT - The Association For Manufacturing Technology. “With a strong PMI reading in July and a record high for U.S. exports, manufacturing shows no signs of slowing. Additionally, as capital equipment is reaching an advanced age and interest rates are continuing to stay low, we believe we will see strong order activity in the months following IMTS.”
U.S. manufacturing technology orders are also reported on a regional basis for geographic breakdowns of the United States.
Northeast Region
Year-to-date manufacturing technology orders in the Northeast Region through July totaled $430.85 million, off 8.4% when compared with 2013 at the same time.
Southeast Region
At $245.17 million, 2014 year-to-date manufacturing technology orders in the Southeast Region were down 2.4% when compared with the total for 2013 at the same time.
North Central-East Region
July manufacturing technology orders in the North Central-East Region totaled $91.30 million, down 21.9% from June’s $116.87 million but up 10.3% when compared with the $82.79 million figure for July 2013. With a year-to-date total of $754.86 million, 2014 was 5.9% higher than the 2013 total at the same time.
South Central Region
At $65.07 million, July manufacturing technology orders in the South Central Region were up 14.9% from June’s $56.63 million and up 6.9% from the $60.85 million total for July 2013. Year-to-date orders totaled $434.78 million, 0.3% more than the comparable figure for 2013.
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