U.S. Manufacturing Technology Orders Down in August
McLEAN, VA — August U.S. manufacturing technology orders totaled $356.69 million according to The Association For Manufacturing Technology.
This total, as reported by companies participating in the USMTO program, was up 0.4 percent from July but down 6 percent when compared with the total of $379.26 million reported for August 2013.
With a year-to-date total of about $3.08 billion, 2014 is down 2.4 percent compared with 2013.
“U.S. manufacturing activity remains at a brisk pace, and especially encouraging for manufacturing technology orders was a recent uptick in durable goods orders, particularly in aerospace, automotive, and several other key industries,” said Douglas K. Woods, president of The Association For Manufacturing Technology. “There has also been good news in factory employment as more manufacturers add workers to their payrolls. With AMT’s Global Forecasting & Marketing Conference taking place this week in Detroit featuring some of the top industry analysts and economists, we believe we will be hearing more positive news from their forecasts for the manufacturing technology industry over the next few years.”
For more information, visit www.amtonline.org.