U.S. manufacturing technology orders declined in January, dropping 40.7 percent compared to December and 11.4 percent compared to January 2016, according to the latest U.S. Manufacturing Technology Orders report from The Association For Manufacturing Technology.
“January’s slump was not unexpected as it was in line with analyst forecasts for a soft start to 2017. We continue to be on track for an upturn later in the spring,” said AMT President Douglas K. Woods. “Several large capital expansion projects have been announced in recent weeks, and the PMI was up for the sixth consecutive month.
