June U.S. manufacturing technology orders totaled $405.73 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program, was up 12.6 percent from May but down 2.1 percent when compared with the total of $414.26 million reported for June 2013. With a year-to-date total of $2,349.38 million, 2014 is down 2.7 percent compared with 2013.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“Order gains in June were driven by two factors – the end of the quarter and continued strength in key customer industries, especially automotive, aerospace, medical and energy,” said Douglas K. Woods, AMT President. “What really warrants attention, however, is a rise in the average value of orders, as this suggests manufacturers are making investments in greater productivity as well as capacity. Our forecasts suggest continued moderate growth throughout the rest of the year and going into 2015.”