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Machine Tool Orders Slip in July

Bill Koenig
By Bill Koenig Senior Editor, SME Media

Orders for machine tools declined in July as some transportation industries pared orders, according to AMT – The Association for Manufacturing Technology.

Orders totaled $291.9 million for the month, AMT said in a monthly report issued today.

That was down 6.1 percent from an adjusted $417.5 million in June. The July figure also represented a 14 percent decline from $457.2 million in July 2021.

AMT said July still represented strong business compared with historical patterns.

“While July 2022 is down compared to July 2021, orders in both years were quite above what would be seen in a typical year,” Douglas K. Woods, president of McLean, Va.-based AMT, said in a statement.

“Last year was the best on record and was particularly fueled by strong orders in the last third of the year, so it will be hard to match.”

AMT said machine tool orders for motor vehicles industries led the July decline. Orders from railroads and shipping also fell. A bright spot was orders for aerospace, AMT said.

For the first seven months of the year, orders totaled $3.2 billion, an 8.7 percent increase from the same period in 2021. The figures are from companies participating in AMT’s U.S. Manufacturing Technology Orders (USMTO) program.

AMT is organizing this week’s IMTS event in Chicago, which is back after a four-year break caused by COVID-19. The 2020 event was canceled because of the coronavirus.

Typically, IMTS – held every other year – causes a bump in machine tool orders.

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