Featured Image

Manufacturing Technology Orders Have Strongest January on Record

Manufacturing technology orders totaled $436.6 million in January 2022, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology.
Mar 14, 2022

DOWNLOAD PRESS RELEASE

McLean, Va. (March 14, 2022) – Manufacturing technology orders totaled $436.6 million in January 2022, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. January 2022 orders decreased nearly 27% from December 2021 but increased 33% from January 2021. January orders were also the strongest on record since USMTO began tracking orders.  

“USMTO typically shows a drop in orders from December to January, and, after December 2021 proved to be the best month on record, we expected to see a substantial decrease,” said Douglas K. Woods, president of AMT. “Recording the best January on record is a welcome sign that the strength of the manufacturing technology market will continue into 2022. Recent demand for production capacity has shifted from sectors producing final consumer goods to ones closer to the raw material process.”

Strong consumer demand through January 2022 drove continued investments in manufacturing technology in all stages of the supply chain. In 2021, orders for manufacturing technology were increasing uniformly across all sectors; however, the largest growth was in those closest to the final product. “Consumer demand necessitated elevated capital investment, but we are now seeing a shift to industrial demand,” said Woods. “This shift in industrial demand indicates that entire manufacturing supply chains are being brought back to the United States. Long term, the broad industrial base created by concentrated supply chains is a huge positive for the manufacturing technology industry and the economy as a whole.”

The market for manufacturing technology has proved resilient over the past several months despite several challenges facing manufacturers. “We have been highlighting issues that could take the wind out of the sails for the past several months, but the industry has overcome them in one way or another,” said Woods. “Recent geopolitical events and sustained inflation are two more challenges, and time will tell if the industry can find a silver lining behind them.”

PicturePicture
Author
Kristin Bartschi
Director, Marketing & Communications
Recent intelligence News
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $385 million in October 2024, a 14.5% decrease from September. Year-to-date orders reached $3.74 billion, a decline of 7.5% compared to the first 10 months of 2023.
Orders of manufacturing technology totaled $450.6 million in September 2024, an increase of 24% from August 2024 and 14.6% over September 2023 orders. Year-to-date orders reached $3.35 billion, a 7.7% decline compared to the first three quarters of 2023.
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $360.8 million in August 2024. These orders for metalworking machinery increased 22.7% from July 2024 but fell 12% short of August 2023 orders.
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders report published by AMT, totaled $321.7 million in July 2024, showing declines of 19.3% from June 2024 and 7.8% compared to July 2023.
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, totaled $386.7 million in May 2024.
Similar News
undefined
Technology
By Michelle Edmonson, CEM | Dec 02, 2024

IMTS 2024 brought the manufacturing technology community together for six exhilarating days filled with opportunities to explore new solutions and build meaningful connections.

6 min
undefined
Intelligence
By Christopher Chidzik | Dec 09, 2024

Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $385 million in October 2024, a 14.5% decrease from September. Year-to-date orders reached $3.74 billion, a decline of 7.5% compared to the first 10 months of 2023.

5 min
undefined
Intelligence
By Christopher Chidzik | Nov 25, 2024

In much the same way that the Fed was able to reduce interest rates in 1995 to allow the economy to continue expanding for the remainder of the decade, today’s Fed may be engineering a so-called “soft landing,".

7 min