US Manufacturing orders up 27 percent in 2018
U.S. manufacturing technology orders for the first two months of 2018 climbed 27 percent higher than the same period in 2017, signaling continued strength in the recovery initiated in June 2017, according to the latest U.S. Manufacturing Technology Orders (USMTO) report from the Association For Manufacturing Technology (AMT). Orders totaled $354 million in February, down 5 percent from a 22-year high in January.
“Our industry’s market is up 27 percent since 2017 as order growth rates accelerate; customers clamor for greater productivity and more capacity; and our member companies push their limits to keep pace with the market’s expansion,” said Pat McGibbon, AMT’s Vice President of Strategic Analytics. “AMT supports free and fair trade; but recent trade issues with several of our major trading partners including China, the world’s largest consumer of manufacturing tech, will make harvesting the benefits of this boom market more challenging.”
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