August U.S. manufacturing technology orders totaled $380.2 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 15.7 percent from July orders of $328.6 million and up 14.3 percent from August 2016 order level.
With a year-to-date total of $2,782.9 million, 2017 was up 11.2 percent when compared with 2016.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
The recovery has not been smooth. Every month the list of industries and regions that have seen expansion changes from the previous month, different from the recovery experienced after the deep 2009 recession. As industry leaders and analysts gather in Atlanta this week at AMT’s Global Forecasting and Marketing Conference (GFMC) to share insights into the future of the manufacturing technology market, the signs are for a rocky but continuing climb in orders into 2018.
"The 16 percent growth in orders in August was surprising as orders tend to slow during the summer months," said AMT president Doug Woods. "Meetings with our industry’s top executives at the European manufacturing technology show in Hannover – EMO – were peppered with optimism for continued growth through the rest of 2017 and into 2018. Still, Washington can shore up that optimism if they can find the will to collaborate on tax reform to build an even stronger basis on which to invest in U.S. manufacturing capacity."
For more detail on U.S. manufacturing technology orders, including data on a regional basis for six geographic breakdowns, download the PDF below.
