Manufacturing technology orders in the U.S. took a big dive in January from December, according to the latest report from The Association for Manufacturing Technology.
The AMT report details orders totaling $341.17 million in January, down 32.9% from December’s $508.57 million, and down 4.8% from year over year.
Growth continues in the key industries of automotive, aerospace, and medical, according to Douglas K. Woods, AMT President, who also believes the environmental sector will see big investment through 2015.
This was driven by many end-of-year orders that had been rushed through in order to qualify for tax rebate provisions that were enacted at the last minute for 2014.”
— Douglas K. Woods, AMT President.
“To understand why we saw this drop in orders for January, December 2014 saw a sharp increase in sales. This was driven by many end-of-year orders that had been rushed through in order to qualify for tax rebate provisions that were enacted at the last minute for 2014,” said Woods. “This is evidenced by the comparatively lower average order value seen in December vs. January, meaning that most end-of-year orders were for less expensive, in-stock machines that could be shipped quickly. The decline wasn’t unexpected, and we still foresee the manufacturing economy keeping on a stable path.”
The numbers are gathered from those companies participating in the report and represent nearly 80% of the technology manufacturing market.
Follow this link to see the full report from The Association for Manufacturing Technology.