SIDEBAR: Regional Manufacturing Reports Reveal Mixed Activity
Several regional reports forecasted the decline in new orders in manufacturing in June. The New York Federal Reserve Bank’s Empire State June report indicated new orders fell to 2.18 from 8.32, while new orders for June in the Philadelphia region tumbled to -18.8 from -1.2. New orders for June in the Richmond, Va.-based Federal Reserve’s report fell to -12 from 1, and orders in the Kansas City region decreased to -7 from 10 in May. One anomaly, the Dallas Federal Reserve’s survey, showed an increase in orders after three months of contraction.
The United States Manufacturing Technology Orders (USMTO) report, compiled by the Association for Manufacturing Technology (AMT), the trade association representing the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. The May U.S. manufacturing technology orders on a regional basis for five geographic breakdowns of the United States are as follows:
Northeast Region: Manufacturing technology orders in the Northeast in May totaled $63.68 million, down 6% from April’s $67.72 million and down 0.6% when compared with the May 2011 figure. At $313.37 million, 2012 year-to-date is up 2.4% when compared with 2011 at the same time.
Southern Region: Southern Region manufacturing technology orders totaled $77.67 million in May, a 60.3% increase from the $48.44 million total for April and 40.0% more than the total for May 2011. The year-to-date total of $293.28 million is 14.3% more than the comparable figure for 2011.
Midwest Region: At $153.17 million, May manufacturing technology orders in the Midwest were up 19.8% when compared with the $127.87 million total for April and up 4.9% when compared with May a year ago. With a year-to-date total of $738.08 million, 2012 is up 7.9% when compared with 2011 at the same time.
Central Region: May manufacturing technology orders in the Central Region totaled $134.85 million, 2.3% more than April’s $131.76 million and up 40.7% when compared with the May 2011 figure. At $675.93 million, the 2012 year-to-date total was 22.7% more than the comparable figure for 2011.
Western Region: Western manufacturing technology orders in May stood at $44.54 million, 17% more than the April total of $38.07 million and 21.6% higher than the figure for May 2011. The $214.70 million year-to-date total was 9.4% above the total for the same period in 2011.