U.S. Machine Tool Orders Down 24.8% in July

Author:     Published time:2016-10-10 16:37     Reading times:872    

Orders dropped 24.8% for the month compared to June r eported by The U.S. Manufacturing Technology Orders repor t for July 2016, according to data from the Association for Manufacturing Technology(AMT). Year over year, monthly orders were down 23.0% compared to July 2015.

The capital manufacturing equipmen t market will remain in negative territory through the end of the year is shown on the latest industry forecasts indicate, with a return to positive growth not coming until the second quarter of 2017. While it is anticipated that sales from the International Manufacturing Technology Show (IMTS) will boost orders later in the year, sustained growth in orders is unlikely in the immediate future.