St. Paul, MN (August 18, 2020) –According to Gardner Business Media, June’s unit orders were the highest of 2020 and the third-highest since June 2019. Also, June was the first month with more than 2,000 units (more than 2,000 units is a strong month) since December 2019. June’s orders contracted 2.8% compared with one year ago, which was the third slowest rate of contraction in the last 13 months. The annual rate of contraction was 19.3%. The rate has contracted for 11 months, accelerating for six consecutive months.
Dollar orders contracted 7.4% compared with one year ago. This was the 17th straight month of dollar order contraction. However, it was the second slowest rate of contraction in those 17 months. The annual rate of change contracted for the 12th month in a row, but June was the first month that the rate of contraction decelerated.
The West region had a particularly strong month with unit orders up 6.9% and dollar orders up 18.2% compared with one year ago. Also, the Southeast had a very strong month with unit orders up 6.2% and dollar orders up 14.0% compared with one year ago.
The Gardner Business Index contracted at a decelerating annual rate in July. Also, the index has moved up toward 50 for three months in a row, indicating a slower contraction in recent months. The annual rate of contraction in the GBI tends to bottom out 7-10 months prior to machine tool orders.
More from Gardner: https://www.mmsonline.com/
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Matsuura, an innovator in the design, development and manufacture of high-precision manufacturing solutions for more than 80 years, has been the forerunner in designing pioneering technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
For more information about Matsuura, please contact: [email protected].