Manufacturing & The Economy
April U.S. manufacturing technology orders totaled $372.50 million according to The Association for Manufacturing Technology (AMT). This total was down 26.6% from March and down 12.6% when compared with the total of $426.44 million reported for April 2012. With a year-to-date total of $1,650.91 million, 2013 is down 7.0% compared with 2012.
“Order totals leveled off to the averages we’ve seen so far this year, but they aren’t out of line with analyst predictions,” said AMT president Douglas K. Woods. “Likewise, the Purchasing Manager’s Index recently dropped below 50 – indicating contraction within manufacturing – but hiring continued to expand throughout the industry. With auto sales strong, the housing industry showing signs of a true rebound, and consumer confidence on the rise, we expect to continue seeing steady but slower activity.”