Posted April 9, 2019

Manufacturing technology orders declined in February

Manufacturing technology orders totaled $337.2 million in February 2019, a 15 percent decline from January and a seven percent decline from February 2018.

According to the latest U.S. Manufacturing Technology Orders report from AMT - The Association For Manufacturing Technology, the year-to-date total was $735.2 million, less than one percent off the year-to-date total at this point last year.

“It’s important to look at the February numbers in context. It’s true that order levels declined, but from the second strongest January in the history of the USMTO program. They’re still at good levels compared to this time a year ago,” said Douglas K. Woods, president, AMT. “Other indicators signal continued manufacturing strength. AMT members are generally positive heading into the second quarter; the U.S.-China tariff negotiations look to be moving toward a successful conclusion; and the March ISM Manufacturing PMI showed an expansion which beat analysts’ expectations and rallied the stock market. However, uncertainty lingers on issues such as tax, trade, and the budget, and continued inaction in Washington could stall already sluggish growth.”