Society of Manufacturing Engineers: Machine Tool Orders Fall to Lowest Level in a Decade
June 09, 2020
June 09, 2020
DEARBORN, Michigan, June 9 -- The Society of Manufacturing Engineers issued the following news:
Machine tool orders in April plunged to their lowest level in almost a decade as global economic activity shut down because of the novel coronavirus (COVID-19), AMT - The Association for Manufacturing Technology said.
Orders totaled $225.8 million for the month, the lowest since May 2010, according to AMT.
That was down 26 percent from an adjusted $306.2 million . . .
Machine tool orders in April plunged to their lowest level in almost a decade as global economic activity shut down because of the novel coronavirus (COVID-19), AMT - The Association for Manufacturing Technology said.
Orders totaled $225.8 million for the month, the lowest since May 2010, according to AMT.
That was down 26 percent from an adjusted $306.2 million . . .