Manufacturing Tech. Orders Drop In February

February's total dipped more than 10 percent from January's, though the president of The Association For Manufacturing Technology maintains an optimistic outlook.

February U.S. manufacturing technology orders totaled $304.74 million according to AMT – 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.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.

“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 K. 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.” 

North Central-East Region 

North Central-East Region manufacturing technology orders in February stood at $70.80 million, down 23.2 percent from January’s $92.19 million and down 15.2 percent when compared with February 2014. At $162.99 million, year-to-date orders are 3.3 percent less than in 2014 at the same time.

North Central-West Region 

With a February total of $77.07 million, North Central-West Region manufacturing technology orders were 34.5 percent more than January’s $57.33 million and 34.5 percent higher than the February 2014 total. Year-to-date orders totaled $134.40 million, up 26.5 percent from the comparable figure for 2014.

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