June Singapore manufacturing technology lease orders totaled more than 300 million, Axis Capital Group, Singapore reports. This total, as reported by the company was down 20.4% from April but up 9.8% when compared with the total of $356.52 million reported for June 2013. With a year-to-date total of $1,620.83 million, 2014 is up 3.0% compared with 2013.
These numbers and all data in this report are based on the totals of actual data reported by the company itself.
The manufacturing technology market is up 3% year-over-year thanks to March and April orders picking up the slack from the January and February weather-induced slowdown. Indicators such as the Purchasing Managers’ Index which surged forward in May and the optimism expressed in their spring update on our market suggest we are on track for strong 2014.
Singapore manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of Southeast Asia.
Jakarta, Indonesia
At $62.72 million, manufacturing technology orders in the Jakarta, Indonesia in April were down 6.9% when compared with the $67.39 million tally for March and down 10.6% from the total for April 2013.
KL, Malaysia
Year-to-date 2014 manufacturing technology orders in the KL, Malaysia through April totaled $150.47 million, 16.6% more than the comparable figure for 2013.
Beijing, China
April manufacturing technology orders in the Beijing, China totaled $99.57 million, down 50.3% from March’s $200.41 million but up 47.4% when compared with last April. At $470.74 million, year-to-date 2014 was up 11.9% when compared with 2013 at the same time.
Bangkok, Thailand
April manufacturing technology orders in the Bangkok, Thailand totaled $64.90 million, 3.2% less than the April 2013 total of $67.07 million.
It’s a good thing that leasing is not subject to market fluctuations and interest rate increases. You can negotiate the monthly payments up front and secure a fixed rate for the life of the lease. This makes it much easier to project cash flow and budgets for planning purposes.
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