Forming Market Buoys Growth in U.S. Manufacturing Technology Orders
March 9, 2021Comments
January 2021 survey results from AMT–The Association For Manufacturing Technology show that U.S. manufacturing-technology orders increased by 12 percent in January over December 2020 orders, but decreased by 29 percent year over year. 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 body-styling changes in 2021 that were postponed in 2020.
“Another bright spot was the mold and die sector,” says Douglas K. Woods, president of AMT, “which after nearly a 2-yr. decline in monthly orders has been increasing capacity steadily since May 2020, reflecting the supply-chain shifts to domestic producers. We expect that additional actions to reduce supply-chain risks will maintain investment in this sector through 2021 and perhaps even accelerate.”
See also: Association for Manufacturing Technology
Technologies: Management
