The manufacturing tools market maintained its good performance in July following boosted sales in June, according to the Manufacturing Technologies Association (MTA).
After the MTA’s machine tools conference Mach 2010 inspired a big rise in June, the value of order intake fell slightly in July. However, invoiced sales increased in comparison to the June figures. The majority of respondents to the MTA’s survey reported a rise in sales, taking the cumulative trend to its highest level for four months.
The balance for business confidence remains significantly positive despite feedback that the level of inquiries has fallen.
Meanwhile, July saw the first positive balance for jobs, although the majority of respondents reported no change in their employee numbers.