February manufacturing technology orders fall
February U.S. manufacturing technology orders totaled $304.74 million, down 10.6% from January’s $341.02 million and down 14.8% compared with $357.86 million reported for February 2014.
With a year-to-date total of $645.76 million, 2015 was down 9.8% when compared with 2014, according to AMT – The Association For Manufacturing Technology.
“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.”
U.S. manufacturing technology orders are also reported on a regional basis for two geographic breakdowns of the United States.
North Central-East Region
North Central-East Region manufacturing technology orders in February stood at $70.80 million, down 23.2% from January’s $92.19 million and down 15.2% when compared with February 2014. At $162.99 million, year-to-date orders are 3.3% 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% more than January’s $57.33 million and 34.5% higher than the February 2014 total. Year-to-date orders totaled $134.40 million, up 26.5% from the comparable figure for 2014.
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