07182019Thu
Last updateThu, 18 Jul 2019 4pm

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Manufacturing & The Economy

Machine Tool Orders Post Modest Gains in May

U.S. manufacturing technology orders rose to $378.4 million in May, an increase of 7.3% over the previous month. Orders for metal cutting technologies grew 4.5% while forming and fabricating technologies increased 64.8% over the previous month and 117% over May 2018.

Despite the modest uptick in total orders from April, orders are down nearly 22% from May 2018, when orders totaled $484.2 million. The year-to-date total for 2019 increased to $1,867 million, a 13.5% decline from the 2018 total through May.

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