Manufacturing Technology Orders Slide, Yet Remain Significantly Up YOYAugust 8, 2022
New orders of manufacturing technology for June declined 5 percent from May and dropped by 16 percent from June 2021, according to the latest U.S. Manufacturing Technology Orders report published by AMT--The Association For Manufacturing Technology, yet orders through the first half of the year are up 13 percent year-over-year.
“Being ahead of our best year on record to start 2022 is a good sign for the industry,” says Douglas K. Woods, president of AMT. “That said, we have begun to see the normal trend of decreased orders through the summer months. IMTS is likely to reverse that trend.”
Despite an overall decrease in order activity, several industries are experiencing increased orders. “The manufacturers of construction machinery ordered the most amount of new equipment since June of last year,” Woods says, “likely in anticipation of additional capacity needs to implement the infrastructure bill which became law last November.”
See also: Association for Manufacturing Technology