September a Solid Month for Machine Tool Orders
November 8, 2021Comments
Orders of new manufacturing technology totaled $590 million in September 2021, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. That total represents a 9-percent increase over August 2021 orders and nearly a 60-percent increase over September 2020. Year-to-date orders in 2021 total $4.115 billion, a 53-percent increase year over year.
“It took 31 months after the bottom of the 2008-2009 financial crisis to have a single month with half a billion dollars in orders, but September is the third month of 2021 exceeding that mark,” says AMT president Douglas K. Woods. “Economists project the United States is past peak growth, yet machine orders remain at a record pace to meet remaining consumer and producer demands.”
See also: Association for Manufacturing Technology
Technologies: Management
