Survey confirms seasonal dip in orders
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Manufacturing Technologies Association product story
Edited by the Engineeringtalk editorial team
Dec 1, 2005
The latest MTA trends survey shows a dip in orders for the sector over the summer, but respondents expect a recovery in the final period of the year.
The results of the Manufacturing Technologies Association (MTA) trends survey for the 3rd quarter of 2005 show a dip in orders for the sector over the summer, but respondents expect a recovery in the final period of the year.
Order intake was 2% lower than in the 2nd quarter of the year, and all three sections of the association saw a reduction.
The Machinery Importers and Equipment Suppliers sections expect a higher level of orders in the 4th period, so despite some pessimism in the Machinery Manufacturers section, the respondents overall predict that orders will be 2% up on the 3rd quarter.
And the percentage balance for business confidence in the 3rd quarter of 2005 was -8%, due mainly to some negative sentiment in the Machinery Importers section; this compares with -4% in the 2nd quarter and 0% in the 1st period of 2005.
Commenting on the figures, MTA Director General, Andrew Manly said: "A dip in orders over the summer is not unusual but the expectations suggests that business in the sector is broadly flat at the moment; we expect some recovery in demand during 2006, although this will be modest compared to previous cycles".
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