July 2016 manufacturing technology orders were valued at 24638 million down from 32767 million in June Yeartodate orders are valued at 209 billion down 163 JanuaryJuly 2015
July 2016 manufacturing technology orders were valued at $246.38 million, down from $327.67 million in June. Year-to-date orders are valued at $2.09 billion, down 16.3% January-July 2015

US Machine Tool Orders Drop Again, Outlook Dims

U.S. manufacturers and machine shops ordered $246.38 million worth of metal-cutting and metal-forming and –fabricating equipment (collectively, "manufacturing technology") during July, down 24.8% from the June figure. It is the fourth month of declining value in new orders this year, according to the monthly U.S. Manufacturing Technology Orders report, compiled by the AMT – the Association for Manufacturing Technology.

The USMTO report summarizes actual totals for machine tool orders reported by participating companies that produce and distribute metal-cutting and metal-forming and –fabricating equipment, including domestically manufactured and imported machinery and equipment.

Through the end of July, U.S. manufacturing technology new orders total $2.09 billion, 16.3% lower than the January-July 2015 order total.

“The automotive and aerospace industries moved into a summer slump, piling on to manufacturing’s ongoing challenges from the effects of a strong dollar, weakness in key export markets and a soft oil and gas industry,” stated AMT president Douglas K. Woods. “Manufacturers are feeling cautious about the economy and hesitant to make new investments until they get a better sense of certainty.”

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American Machinist is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.

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