Orders surged nearly 42 percent year-over-year compared to a downtrodden March 2020.
May 10th, 2021
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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
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While the global machine tool industry continues its downturn, production exceeds consumption according to the 2020 World Machine Tool Report from Gardner Intelligence.
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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
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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