Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

June manufacturing technology orders reach $346.7 Million

By Paul Heney | August 10, 2020

Share

U.S. manufacturing technology orders soared to $346.7 million in June, a 56% increase over May 2020 according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. Total orders were down 6% from June 2019. Orders for new machines totaled $1.69 billion through June 2020, 26% lower than the total through the first half of 2019.

“Given the level of uncertainty businesses are facing, the strong June orders are a sign of the underlying health of the manufacturing sector,” said Douglas K. Woods, president of AMT. “While promising in the current climate, June orders were still about 9% lower than the monthly average of 2019. The signals point to the current downturn not being as deep as initially expected; however, the duration of the downturn remains an open question.

“June orders saw growth in several industries over the previous year. Notable increases were in the automotive sector, which almost doubled orders over June 2019. Agricultural equipment manufacturers nearly quadrupled and manufacturers of HVAC and commercial refrigeration equipment more than tripled orders for manufacturing technology.

“It appears that the industries focused on end-use products bucked broader economic trends and increased capacity, while industries farther up the supply chain followed the general tide,” Woods said. “It is only a matter of time before sectors farther up the supply chain will need to increase their capacity as inventories deplete and demand increases for component parts.

“Between conversations with members and other data points, we are expecting this momentum to carry into July even if total orders are slightly below June. We will continue to monitor how quickly demand rebounds, but as Mark Killion of Oxford Economics noted in an address to the AMT membership in late May, a broad recovery across all customer industries may prove to be ‘irritatingly slow.’”

The Association For Manufacturing Technology
www.amtonline.org


Filed Under: ALL INDUSTRY NEWS • PROFILES • COMMENTARIES

 

About The Author

Paul Heney

Paul J. Heney, the VP, Editorial Director for Design World magazine, has a BS in Engineering Science & Mechanics and minors in Technical Communications and Biomedical Engineering from Georgia Tech. He has written about fluid power, aerospace, robotics, medical, green engineering, and general manufacturing topics for nearly 25 years. He has won numerous regional and national awards for his writing from the American Society of Business Publication Editors.

Related Articles Read More >

ABB to acquire Siemens low voltage NEMA motor business
Leading — and not giving advice
ITT expands portfolio with acquisition of Clippard cylinder product line
New Leuze plant in Malaysia begins operation

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Industrial disc pack couplings
  • Pushing performance: Adding functionality to terminal blocks
  • Get to Know Würth Industrial Division
  • Renishaw next-generation FORTiS™ enclosed linear encoders offer enhanced metrology and reliability for machine tools
  • WAGO’s smartDESIGNER Online Provides Seamless Progression for Projects
  • Epoxy Certified for UL 1203 Standard

Design World Podcasts

July 26, 2022
Tech Tuesdays: Sorbothane marks 40 years of shock and vibration innovation
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings