April U.S. manufacturing technology orders were $391.53 million, down 20.4% from March 2014 but up 9.8% from April 2013's $356.52 million, according to AMT - The Association for Manufacturing Technology. Year-to-date orders were $1,620.83 million, putting 2014 up 3.0% from the same time period in 2013.
“The manufacturing technology market is up 3% year-over-year thanks to March and April orders picking up the slack from the January and February weather-induced slowdown,” said Douglas K. Woods, AMT President. “Indicators such as the Purchasing Managers’ Index, which surged forward in May, and the optimism expressed by Oxford Economics in their spring update on our market suggest we are on track for strong 2014.”
The United States Manufacturing Technology Orders (USMTO) report provides U.S. orders data for domestic and imported machine tools and related equipment. The group says analysis of manufacturing technology orders provides a leading economic indicator since manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
to Daily News