Drop in January Orders Not Unexpected, Outlook Remains Positive for 2016
MCLEAN, VA — The U.S. Manufacturing Technology Orders report (USMTO) for January 2016 showed that order values were down 30 percent from December, according to the Association For Manufacturing Technology. Year-over-year orders declined 21 percent.
“The drop in orders was not unexpected,” explained Douglas K. Woods, president, AMT. “January numbers are typically lower than December as companies that have financial years synced with the calendar year place delayed orders based on where they are relative to budget goals.”