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Expansion in U.S. Manufacturing Technology Orders Accelerating

August 15, 2017

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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.

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