In August of this year, manufacturing technology orders actually dropped to a staggering low of $365.6 million. This is a 27.6 percent drop when compared to the numbers that were presented in August of 2018. In the Southeast region, however, there was significant growth when it comes to metal cutting within the industry. The Northeast region also experienced some growth in metal cutting, but these two regions were the only areas to see an incline in order numbers.
Key Takeaways:
- According to the most recent Manufacturing Technology Orders Report, orders went down by 27.6 percent from August 2018.
- In the metal cutting category, there was robust growth in the Southeast region of the U.S.
- According to MTForecast analysts, markets in the U.S. are expected to improve by next summer.
“The Southeast region experienced robust growth driven primarily by orders in the metal cutting category. The Northeast was the only other region to have positive order growth from July to August.”
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