New orders of manufacturing technology in June 2022 were down 5% from May 2022 and declined 16% from June 2021. June 2022 orders totaled $417.5 million, according to the latest U.S Manufacturing Technology Orders report, published by The Association for Manufacturing Technology.
However, through the first half of 2022, manufacturing orders have totaled $2.84 billion, up 13% from the prior-year period. The value of June 2022 orders was up roughly 14% compared to prior June reports, but the number of June 2022 orders were down 12% from prior June reports.
“Being ahead of our best year on record to start 2022 is a good sign for the industry,” said Douglas Woods, President of AMT. “That said, we are beginning to see the normal trend of decreased orders through the summer months.”