Manufacturing Technology Orders Remained Sluggish in October
MCCLEAN, VA — The latest U.S. Manufacturing Technology Orders report showed orders for manufacturing technology in October 2015 were down 0.3 percent from September and year-to-date were down 17.4 percent compared to the same point in 2014, according to The Association For Manufacturing Technology.
“While the general economy continues to grow at a moderate pace, the manufacturing sector is struggling with the effects of a strong dollar, reduced commodity prices, especially oil, and struggles in key export markets like China,” said AMT President Douglas K. Woods. “As the broader industry faces this slowdown, manufacturers are not making significant capital investment in new manufacturing technology.”