Manufacturing technology orders fell in May, according to the latest USMTO release from AMT-The Association For Manufacturing Technology.
“Expectations for the 2014 manufacturing technology market were for a soft first half of the year, followed by a stronger second half. The fluctuations seen in the past few months are on track with forecasts, and all indications are that U.S. manufacturing activity is and will remain strong,” AMT President Doug Woods. “The PMI continues to stay above 50, capacity utilization is on the rise, and both auto sales and aerospace backlogs are growing, all indications that our customers’ businesses are healthy. We expect continued investments in capital expansion through year’s end.”