AMT president concerned about US manufacturing

Good news, or bad?  The Association for Manufacturing Technology recently compiled its financial results for the month of June, reporting a 4.6% increase from the previous month. This, however is down 13.2% from last June’s totals of $409.68 million, a distinction made clear by the balanced words of AMT president Douglas K. Woods.

“This monthly boost in orders is good news at face value, but belies an overall sense of concern in U.S. manufacturing,” said Woods, in a news release issued by the organization.

Woods referenced outliers and specific industries that exceeded expectations during the month in support of his cautious perspective.  But, he said, “a dozen or so standout orders” from aerospace, off road/highway construction, automotive, and contract machining industries may have skewed the overall impression given by the numbers. Without those orders, he said, “it could have been another down month.”

AMT maintains that opportunities exist for economic growth, but, in Woods’ view, “Economic uncertainty both here and internationally continues to cause concern and hesitation to invest in capital equipment.”

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