Society of Manufacturing Engineers: Machine Tool Orders Slide in November
January 14, 2020
January 14, 2020
DEARBORN, Michigan, Jan. 14 -- The Society of Manufacturing Engineers issued the following news release:
The value of machine tool orders plunged in November as makers pared prices to cut inventory, according to a monthly report.
Orders totaled $320 million for the month, AMT - The Association for Manufacturing Technology said. That was down 15 percent from an adjusted $376.1 million for October.
AMT said the number of machine tool units only fell by 3 perc . . .
The value of machine tool orders plunged in November as makers pared prices to cut inventory, according to a monthly report.
Orders totaled $320 million for the month, AMT - The Association for Manufacturing Technology said. That was down 15 percent from an adjusted $376.1 million for October.
AMT said the number of machine tool units only fell by 3 perc . . .