Manufacturing Technology Orders Up in June

June 2014 U.S. manufacturing technology orders were $405.73 million, according to AMT – The Association For Manufacturing Technology, up 12.6% from May 2014 but down 2.1% from $414.26 million in June 2013. The year-to-date total of $2,349.38 million puts 2014 down 2.7% from 2013.

“Order gains in June were driven by two factors – the end of the quarter and continued strength in key customer industries, especially automotive, aerospace, medical, and energy,” said Douglas K. Woods, AMT President. “What really warrants attention, however, is a rise in the average value of orders, as this suggests manufacturers are making investments in greater productivity as well as capacity. Our forecasts suggest continued moderate growth throughout the rest of the year and going into 2015.”

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