Manufacturing technology orders down in July
July U.S. manufacturing technology orders declined 11.8% from June to $318.33 million according to AMT – The Association For Manufacturing Technology.
This total, as reported by companies participating in the USMTO program, was down 11.8% from June’s $361.03 million and down 11.1% when compared with the total of $358.11 million reported for July 2014. With a year-to-date total of $2,483.59 million, 2015 was down 8.7% when compared with 2014.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“The mood among manufacturers right now is best described as ‘caution cubed’ – concerns around disruption in China, a drop in some key economic indicators like PMI and housing starts, and softening in large customer industries, including agriculture and energy,” said AMT president Douglas K. Woods. “Additionally, consumer confidence dropped in July, and the situation in Europe first with the Greek bailout and now the large influx of refugees is creating added uncertainty. Given all of that, it’s no surprise that manufacturers are wary about making large investments in capital equipment.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
