Machine tool orders slipped in June on both a monthly and year-over-year basis, AMT – The Association for Manufacturing Technology said today.
Orders for the month totaled $417.5 million. That was down 5.1 percent from an adjusted $440.2 million in May and 16 percent from $497.2 million in June 2021.
On a monthly basis, it was the second consecutive decline. Despite that, orders for the year’s first half totaled $2.84 billion, a 13 percent increase compared with the same period in 2021. The figures are from companies participating in AMT’s U.S. Manufacturing Technology Orders (USMTO) program.
“We are beginning to see the normal trend of decreased orders through the summer months,” Douglas K. Woods, president of McLean, Va.-based AMT, said in a statement.
Woods said that probably will change next month with the IMTS trade show in Chicago. AMT organizes the show, held every two years at McCormick Place. The 2020 edition was canceled because of the COVID-19 pandemic.
“September orders in an IMTS year tend to exceed non-IMTS September orders by nearly $180 million,” Woods said. “In addition to the immediate 'September effect,' orders following an IMTS tend to remain elevated for the remainder of the year.”
At the same time, the AMT president said supply chain problems may hold down orders later in the year.
“Typically, shops with an order in hand need to begin making parts and may not be able to wait for new machinery to be delivered,” he said.
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