U.S. Manufacturing Technology Orders (USMTO) continued to expand in July, up 23 percent from July 2016 order levels. The July rate of increase is a notable acceleration in growth relative to the 10 percent increase in June orders posted over the previous year. Future quotations into major orders with bundled add-ons such as special tooling and automation.
The contract machine shop sector, where companies typically buy one or two machines at a time, was one of the stronger markets in July, representing 41 percent of all the units ordered in July and 32 percent of the total July dollar value. The big surprise was a jump in defense orders from less than one percent of total orders to 4 percent in July – more than a 10-fold increase. Medical equipment and agricultural equipment sectors were up 10 percent and seven percent respectively.
The marketing research division of TR Cutler Inc. projects similar growth patterns on pending large projects through summer 2019.
About TR Cutler, Inc.
TR Cutler, Inc. was founded nearly twenty years ago by Thomas R. Cutler. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., (www.trcutlerinc.com), the largest manufacturing communication firm worldwide with four dozen industry experts and thought leaders on staff. Cutler maintains extraordinary relationships with clients, journalists, editors, economists, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector. Cutler founded the Manufacturing Media Consortium in 1999, which now has more than 6,000 global members including journalists, editors, publishers, and economists, worldwide writing about trends, industrial data, manufacturing case studies, material handling profiles, and robotics feature articles. Cutler works with thousands of media outlets to expand the coverage and importance of the manufacturing media coverage.
Cutler has authored more than 6,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals each published in leading monthly trade magazines, B2B periodicals, blogs, and marquis publications globally. Cutler is the most published freelance industrial journalist worldwide, and more than 3500 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.
Company Name: TR Cutler Inc.
Contact Person: Thomas R. Cutler
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Address:3032 S. Oakland Forest Dr. S-2803
City: Fort Lauderdale
Country: United States