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

Sept. 12, 2016
U.S. manufacturers ordered $246.38 million worth of new machine tools and related technology during July, down 24.8% from June and down 23.0% from July 2015, according to the monthly U.S. Manufacturing Technology Orders report.

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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