Report: Manufacturing technology sales soared in January

03/26/2011 | Plant Services

Sales of manufacturing technology hit $371.41 million in January, according to the latest USMTC report. That's a decline of 16.3% from the previous month, but a whopping 188.3% increase from January 2010 sales. "Despite the slight decline in orders from December, the January USMTC report confirms that U.S. manufacturers are reinvesting vigorously to improve productivity," said Peter Borden, president of the American Machine Tool Distributors' Association.

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