Despite the decline in January, backlog remains elevated by historical standards and is 0.1 months higher than in February 2020.
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Despite experiencing a decrease from total orders in 2021, the manufacturing technology industry still recorded its third-best year in 2022.
After reaching its highest total in three years in October, U.S. cutting tool consumption fell in November, but increased year-over-year.
Year-to-date orders for manufacturing technology orders dropped below 2021 for the first time in 2022, according to AMT's latest monthly report.
After surpassing its pre-pandemic level in September, backlog is now back below the reading observed at the start of the pandemic, according to ABC.
Backlog is once again above the level observed at the start of the pandemic, according to the Associated Builders and Contractors.
The increase snapped a streak of four consecutive months in which orders of manufacturing technology declined.
Amazon Business's second annual Procurement Report shed some light on the state of the distribution industry and where it might be headed.
Average annual sales growth for 12 months through Sept. was 19.6% for Heating, Air-conditioning & Refrigeration Distributors International.
While the recovery well is underway, the NetPlus quarterly survey also said the labor shortage was a cause for concern going forward.
Technology orders were up 72% year-over-year in April according to the latest U.S. Manufacturing Technology Orders report by AMT.
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Talk of a potential slowdown isnt stopping these manufacturers and distributors from anticipating a relatively strong year ahead.
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