October U.S. manufacturing technology orders totaled $327.4 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 0.3 percent from September’s $328.5 million and down 28.3 percent when compared with the total of $456.4 million reported for October 2014.
With a year-to-date total of $3.5 billion, 2015 was down 17.4 percent when compared with 2014.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“While the general economy continues to grow at a moderate pace, the manufacturing sector is struggling with the effects of a strong dollar, reduced commodity prices, especially oil, and struggles in key export markets like China,” said AMT President Douglas Woods. “As the broader industry faces this slowdown, manufacturers are not making significant capital investment in new manufacturing technology.”
For more detail on U.S. manufacturing technology orders, including data on a regional basis for six geographic breakdowns, download the PDF below.