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March Metalworking Machinery Orders Accelerate 16% From February

Orders surged nearly 42 percent year-over-year compared to a downtrodden March 2020. May 10th, 2021 iStock MCLEAN, VA U.S. Manufacturing Technology Orders totaled $437.9 million, an increase of 16.1 percent over February 2021 and an increase of 41.6 percent over March 2020, according to the latest U.S. Manufacturing Technology Orders (USMTO) report published by the Association For Manufacturing Technology (AMT). Total orders for 2021 reached $1.1 billion, almost one-third above the total orders in the first quarter of 2020. “It is noteworthy that total orders in the first quarter were significantly higher than total orders in Q1 2020, given the strength of the first three months of 2020, when the pandemic had not yet affected the industry,” said Douglas K. Woods, president of AMT. “And while these are certainly impressive numbers, they should have been even higher when looking at Oxford Economics’ prediction that U.S. GDP could have been 9.2 percent had inven

February Metalworking Machinery Orders Surge 34% From a Year Earlier

February Metalworking Machinery Orders Surge 34% From a Year Earlier AMT said there was a surprising uptick in February orders from the oil and gas industry despite the weather-related turmoil. Apr 12th, 2021 iStock MCLEAN, VA US manufacturing technology orders totaled $377.6 million in February 2021, a 17.8 percent increase from January 2021 and a 34.2 percent increase over February 2020, according to the latest U.S. Manufacturing Technology Orders report published by the Association For Manufacturing Technology (AMT). The year-to-date total was $698.2 million, representing a 22.4 percent increase over the first two months of 2020.  “February was the fourth-straight month of year-over-year gains in manufacturing technology orders, signaling the recent strength is likely the beginning of a sustained recovery following the 2020 recession,” said Douglas Woods, president of AMT. “There was a surprising uptick in February orders from the oil and gas industry despite the wea

January Machining Orders Far Below December, But Up 12% Year-Over-year

It was the third-straight month of year-over-year gains. Mar 8th, 2021 iStock  MCLEAN, VA U.S. manufacturing technology orders totaled $322.5 million in January 2021, a 29 percent decrease from December 2020, but a 12 percent increase over January 2020, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. This is the third straight month of year-over-year gains, a trend not seen since late 2018. “It is encouraging to see that January was the third straight month of year-over-year gains in manufacturing technology orders,” said Douglas K. Woods, president of AMT. “The decline from December 2020 was expected, given the unusual strength of that month’s orders. January orders were buoyed by the largest capital equipment investments in forming technology since May 2019. The automotive sector was particularly active, as U.S. auto manufacturers are planning external body styling changes in 2021

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