Manufacturing technology orders made a 17.5 percent gain in June compared to May according to the latest U.S. Manufacturing Technology Orders report from The Association For Manufacturing Technology. At the end of the first half of 2016, orders are down 15.8 percent compared to the midpoint of 2015.
Current market forecasts indicate 2016 orders will finish lower than 2015, though announcements for new manufacturing facilities and factory expansions give optimism for an upturn in capital investment in the second half of 2017. Additionally, orders are expected to see a boost following The International Manufacturing Technology Show in September.
