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January U.S. manufacturing technology orders totaled $252.2 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 40.7 percent from December and down 11.4 percent from January 2016.
“January’s slump was not unexpected as it was in line with analyst forecasts for a soft start to 2017. We continue to be on track for an upturn later in the spring,” said AMT president Douglas K. Woods.