Manufacturing technology orders increased by 19 percent in 2018, in spite of a moderate slump to end the year. In spite this slump, growth in 2018 as a whole was robust. Total manufacturing technology orders came in at $5.5 billion in aggregate, up 19 percent over 2017. Other indicators like the Purchasing Managers’ Index (up 2.3 points in January) and BLS new hires (304,000 in January) are also positive. On the whole, the market looks to be in good shape... with one major caveat.
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