Manufacturing technology orders fell 3.2 percent in August
U.S. manufacturing technology orders fell 3.2 percent from the previous month to a total of $365.6 million in August 2019, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology.
Orders decreased 27.6 percent from August 2018, which was the best August on record at $505 million.
Orders for 2019 totaled just under $3 billion, a decline of 14.4 percent from the 2018 total to date. Despite the decline over 2018, the total value of manufacturing technology orders in 2019 are the second highest annual total through August since 2014.
The Southeast region experienced robust growth driven primarily by orders in the metal cutting category. The Northeast was the only other region to have positive order growth from July to August. The North Central – East had the largest month over month decline, decreasing orders by over a quarter from July. The West and South-Central posted losses while the North-Central-West region was near-flat from over the previous month.
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