Machine Tools Down in February

The Machine Tool industry had a bump at the end of the year, which we set our watches by every December.  But it was very moderate.  Now as of February, despite a weaker US dollar, new lows are being made with just a little over 900 new equipment units being sold.  A decent month is around 1600-1800 units.

Fyi for anyone who cares.  I care because I have given the sector the benefit of the doubt in being long a couple of higher end related items, Faro and Stratasys.  From EDA


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