Manufacturing Technology Orders Down in February
MCLEAN, VA — February U.S. manufacturing technology orders totaled $304.74 million according to The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 10.6 percent from January’s $341.02 million and down 14.8 percent 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 percent 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 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.”
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