U.S. Manufacturing Technology Orders Down in May

May orders down 18.2 percent year-over-year.

May U.S. manufacturing technology orders totaled $$277.7 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 18.2 percent from May 2015, but was down just 1.4 percent from April, which may indicate that the overall order decline is slowing.

Year-to-date, total orders were $1,512.3 million, down 16.7 percent compared to the same point in 2015.

“Overall we are seeing improved sentiment from manufacturing technology providers, as certain key industry sectors are indicating signs of growth – in particular agriculture, which has been stagnant for an extended period, and a resurgent aerospace industry,” said AMT President Douglas K. Woods. “The general economy looks healthier with an especially strong jobs report for June and improved consumer sentiment. With the latest PMI coming in at 53.2, we’re optimistic that the elements are coming together for recovery in manufacturing and the manufacturing technology market over the next several months.”

For more detail on U.S. manufacturing technology orders, including data on a regional basis for six geographic breakdowns, download the PDF below.

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