Manufacturing technology orders decline
U.S. manufacturing technology orders fell 7.7 percent from the previous month to a total of $357.8 million in June 2019.
The report was issued by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology.
While cutting technologies fell by a modest 2.1 percent, a majority of the month over month decline was driven by the more volatile forming and fabricating technologies. Orders for the first half of 2019 totaled $2,249 million, a decrease of 12.8 percent compared to the first half of 2018 where orders totaled $2,580 million.
“The manufacturing technology market is under pressure from ongoing trade issues and a global manufacturing slowdown, which is driving competitiveness in the North American market,” said Doug Woods, president of AMT – The Association for Manufacturing Technology, “Our members are adjusting their business models to address these challenges and analysts’ predicted fall in order levels in 2019.”
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