February U.S. manufacturing technology orders totaled $270.9 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 5.1 percent from January and down 12.8 percent from February 2015.
“We’ve seen some better news about manufacturing, especially for the domestic market, but the industry will continue to face a number of economic challenges through much of the year,” said AMT President Douglas Woods. “Our members are reporting more quotation activity for their products and equipment and we expect an expanded market for manufacturing technology towards the fourth quarter. Additionally, a recent surge in housing starts is anticipated to give a boost to consumer spending, and the March PMI showed expansion in the manufacturing sector for the first time in six months."
For more detail on U.S. manufacturing technology orders, including data on a regional basis for six geographic breakdowns, download the PDF below.
