Manufacturing Technology Orders Down in February
February U.S. manufacturing technology orders totaled $304.74 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 10.6% from January’s $341.02 million and down 14.8% when compared with the total of $357.86 million reported for February 2014. With a year-to-date total of $645.76 million, 2015 was down 9.8% when compared with 2014.
“U.S. manufacturing is facing some pressure in terms of a stronger dollar and lower capital expenditures from the energy industry, but in taking the long view, we’re still in a good position overall,” said AMT President Douglas K. Woods. “The automotive and aerospace industries continue to be strong performers, and a number of international manufacturers are making significant investments in U.S. production facilities. We project that manufacturing technology orders will gain momentum as we move through the second quarter.”
Video – USMTO in a nutshell – AMT Vice President – Strategic Analytics Pat McGibbon comments on USMTO numbers and the manufacturing technology market in the U.S.
