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U.S. manufacturing technology orders rise in June from the previous month
According to the AMT report, U.S. manufacturing technology orders totaled $355.43 million in June, up 4.6 percent from $339.86 million in May, but down 13.2 percent from $409.68 million in June 2014. Year-to-date orders for 2015 totaled $2,157.64 million, down 8.7% year-over-year. All data in this report is based on overall real data reported by companies participating in the United States Manufacturing Technology Order (USMTO) program. 'On the surface, the increase in total orders in June is a good thing, but there are hidden concerns about U.S. manufacturing,' said Douglas K. Woods, president of AMT. 'In the aerospace, road construction, automobile manufacturing and contract machine tool industries There are points of note for us. But without big orders from these industries, the total order book in June is likely to have fallen. While economic uncertainty at home and abroad continues to make people hesitate and worry about investment in capital equipment, But opportunities remain in several core industry sectors.' The U.S. Manufacturing Technology Orders (USMTO) report, compiled by the trade association representing the production and distribution of manufacturing technologies, provides data on orders for machine tools and related equipment, both domestically produced or imported. As the manufacturing industry invests in capital metal fabrication equipment to increase capacity and productivity, the analysis of manufacturing technology orders provides a reliable primary economic indicator.