caLogo

WASHINGTON -- US manufacturing technology orders increased more than expected in February, up 19.6% from January, according to the latest US Manufacturing Technology Orders report.

Orders were up 1.7% year-over-year, says from AMT, the manufacturing trade group that compiles the data.

“We anticipated an increase in orders after a soft January, but we are surprised by the strength of the February numbers,” said AMT President Douglas K. Woods. “What’s even more encouraging is the pickup wasn’t a spike related to any specific industry or region, but rather was broad-based – from Northeast to West as well as everything from aerospace to consumer products. This activity reinforces our projections for a full recovery in manufacturing technology orders by the end of the second quarter.”

While all regions reported growth, the Northeast grew 41%, led by the small arms and aerospace industries. Nationally, aerospace had the largest growth rate, more than doubling January’s total. There was also surprising strength reported in appliances; medical devices; and off-road and highway equipment.

The February data are aligned with other key indicators of the manufacturing sector’s health. For example, every component of the March Purchasing Managers Index was up; the Federal Reserve’s manufacturing output data had its best back-to-back monthly increases in three years; and durable goods orders and housing starts climbed in February.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account