Machine Tool Orders Dip 14% in May
Orders for machine tool orders slipped in May, both on a monthly and year-over-year basis. But orders for the first five months are running stronger than a year earlier.
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“The automotive industry is in transition, but perhaps not the type of transition that many analysts, forecasters, and company executives expected,” writes Mike Ramsey, analyst for Gartner Inc.
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Manufacturing employment increased in June, with most of the gain in non-durable goods. Within durable goods, the main gainer was transportation equipment, up 7,200 jobs.
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Dynatect @ IMTS 2022
Dynatect will exhibit at IMTS, featuring solutions for both machine tool users and machine tool OEMs. Dynatect designs and manufactures equipment protection, machine safety, and motion control products. Visit Booth # 121012 in the Machine Components Pavilion.
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The U.S. manufacturing economy slowed in June, with new orders going into negative territory, the Institute for Supply Management reported.
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Connection systems are vital to the auto industry as adoption of electric vehicles increases along with connectivity, cameras, sensors, and high-end computing, according to Lear Corp.
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May 2022 U.S. cutting tool consumption totaled $175.4 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association for Manufacturing Technology. That was down on a monthly basis but higher on a year-over-year basis.
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Boeing Co. said it delivered a 737 Max aircraft to Ethiopian Airlines, CNN said. It was the first time the carrier accepted delivery of a 737 Max since a 2019 crash that killed 157 people. It was one of two fatal crashes that spurred the grounding of the model.
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