February U.S. manufacturing technology orders totaled $304.74 million, 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, according to The Association For Manufacturing Technology.
With a year-to-date total of $645.76 million, 2015 is down 9.8 percent compared to the same time period in 2014. These numbers and all data in this report are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Orders 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, in a press release issued April 13. “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.”
The USMTO report provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. AMT says analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.