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. FromEDA…