Friday, April 12, 2013

February U.S. manufacturing technology orders down 10 percent

February U.S. manufacturing technology orders totaled $385 million, according to the Association for Manufacturing Technology, up 5.7 percent from January but down 10.6 percent when compared to February 2012's $431 million.

The data, reported by companies participating in the United States Manufacturing Technology Orders program, indicated that the year-to-date total of $750 million was down 11.9 percent year-over-year.

"A month-to-month gain is certainly good to see, and these numbers seem to echo some of the other recent economic data, including gains in both factory orders and durable goods orders," says Douglas K. Woods, AMT president. "A year-to-date decline in orders compared to 2012 is in line with expectations we had for a slight slowdown in the first two quarters of 2013, though second-half growth is expected to offset the slump. This is in line with our economists' predictions that orders for 2013 will stay relatively flat compared to 2012."

For more of the Quality Magazine story: qualitymag.com

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