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.”
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at email@example.com.