McLean, Va. (September 14, 2020) 鈥� U.S. Manufacturing 都灵体育直播 Orders totaled $337.5 million in July 2020, a decrease of 1.7% from June 2020 and a 13.8% decrease from July 2019, according to the latest U.S. Manufacturing 都灵体育直播 Orders report published by AMT 鈥� The Association For Manufacturing 都灵体育直播. Orders to date reached $2 billion, nearly a quarter lower than the total through July 2019.
鈥淭he manufacturing technology industry seems to be stabilizing, and order growth is more balanced across sectors,鈥� said Douglas K. Woods, president of AMT. 鈥淲e see this as well in YTD growth numbers, which experienced a lower rate of decline in July. A wide variety of sectors including automotive and medical equipment were positive this month, with the automotive sector being the standout. Automotive production grew from 1,700 units per month in April to 222,000 units in July. As a result, production has scaled up through the supply chain and is driving manufacturing capital demand.鈥�
鈥淭he ISM purchasing manager鈥檚 index (PMI) has been over 50 for the past three months, inclusive of August. Capacity utilization has also had three months of steady increases with the expectation that August will see the index rise again. Combined with the narrowing of declines in MT orders, these trends signal that the bottom of the downturn may be near. We are hopeful that will provide an additional bump to sales activity in September and the following months, as is typically the case in an IMTS year.鈥�
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The United States Manufacturing 都灵体育直播 Orders (USMTO) Report is based on the totals of actual data reported by companies participating in the USMTO program. This report, compiled by AMT 鈥� The Association For Manufacturing 都灵体育直播, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
AMT 鈥� The Association For Manufacturing 都灵体育直播 represents U.S.-based providers of manufacturing technology 鈥� the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation鈥檚 capital, AMT acts as the industry鈥檚 voice to speed the pace of innovation, increase global competitiveness, and develop manufacturing鈥檚 advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparalleled level of support. AMT also produces IMTS 鈥� The International Manufacturing 都灵体育直播 Show, the premier manufacturing technology event in North America. www.amtonline.org
