June manufacturing technology orders climbed 6.5% over May, according to a report released by The Association For Manufacturing Technology.
The latest U.S. Manufacturing Technology Orders report also shows a year-over-year increase of more than 10%, the fifth consecutive month posting a year-over-year gain.
The U.S. manufacturing technology market has been weak since oil prices began to drop dramatically in June 2014. Orders peaked on a monthly basis that September at $643 million and bottomed out at $260 million in June 2016.