Feb. manufacturing technology orders decline
February U.S. manufacturing technology orders totaled $354.40 million, down 6.2% compared to February 2013.
According to AMT - The Association For Manufacturing Technology, the February total was also down 6.6% from January. With a year-to-date total of $733.82 million, 2014 is down 0.6% compared with 2013.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“A soft first quarter was expected for technology orders, and in this case further challenged by a harsh winter,” said AMT president Douglas K. Woods. “Many key industry forecasts indicate growth for manufacturing through the end of the year. With the average age of capital equipment at almost 22 years and interest rates continuing to stay low, the environment is ripe for investment in manufacturing technology.”
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns of the United States.
Northeast Region
At $64.05 million, manufacturing technology orders in the Northeast Region in February were up 14.3% when compared with February 2013. Year-to-date orders were 41.8% higher than in 2013.
North Central-East Region
February manufacturing technology orders in the North Central-East Region totaled $82.06 million, down 6.5% from January’s $87.80 million and down 25.2% when compared with last February. At $169.87 million, year-to-date 2014 was down 20% from the comparable figure for 2013.
North Central-West Region
The North Central-West Region February 2014 manufacturing technology order total of $57.48 million was up 18.9% from the $48.34 million January total but off 23.6% when compared with February 2013. The year-to-date total of $105.82 million was 26.2% less than the total for the same period in 2013.
West Region
Year-to-date manufacturing technology orders in the West Region were up 39.1% when compared with the 2013 total at the same time.
INDUSTRIAL SUPPLY MAGAZINE
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