In addition to the total for new orders nationwide, USMTO offers insights into manufacturing technology demand in six regional markets. Only the Northeast region posted any month-to-month increase in demand. With new orders for metal-cutting equipment rising to $77.81 million, up 11.7% from May to June and up 32.2% from June 2017. The Northeast region’s January-to-June new order total is$432.98 million, a 26.4% rise over last year’s result.
In the South-Central region, new orders fell 11.0% from May to June, to $59.93 million. That represents a 10.8% improvement over the June 2017 result and raises the regional, year-to-date new order total for metal-cutting equipment to $289.71 million, a 21.6% YTD increase.
The North-Central-East region had new orders for metal-cutting equipment totaling $87.36 million during June, 26.3% less than during May and 16.6% less than during June 2017. The six-month regional total for metal-cutting equipment is $562.28 million, 14.0% higher than the previous year’s January-June result.
In the North-Central-West region, new orders for metal-cutting equipment slipped 12.5% from May to June, to $77.92 million. That result is nearly even (+0.5%) with the region’s June 2017 total, and it brings the YTD total to $470.57 million, or 28.4% higher than last year’s total.
Metal-cutting equipment orders in the South-Central region slipped 25.4% from May to $37.13 million for June. The latest result is 26.4% higher than the comparable figure for June 2017, and it raises the regional new-order total for the current year to $259.57 million, a 39.4% increase over the 2017 figure.
Finally, in the West region, new orders for metal-cutting equipment slipped 15.1% from May to June, to $66.85 million for the latter month. The January-June total for new orders of metal-cutting equipment in the West region is $443.51 million, a 16.6% increase over last year’s comparable result.
