McLean, Va. (November 8, 2021) – 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. This was a 9% increase over August 2021 orders and nearly a 60% increase over September 2020. Year-to-date orders in 2021 totaled $4.115 billion, a 53% increase over the total through the first nine months of 2020.
“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,” said Douglas K. Woods, president of AMT. “Economists project the United States is past peak growth, yet machine orders remain at a record pace to meet remaining consumer and producer demands.”
Machine shops, which consistently represent the largest share of new orders, pulled back nearly 7% from August 2021 levels. “Machine shop orders usually dictate the direction of the month,” said Woods. “September 2021 was an exception to that trend, which highlights the breadth of the recovery across manufacturing sectors.” After machine shops, the engine, turbine, and power generation sectors had the largest share of orders in September 2021 and their highest monthly value since December 2011. Research indicates these outsized investments are the result of efforts to increase power grid resilience after a year that saw extreme weather test its durability.
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The United States Manufacturing Technology Orders (USMTO) Report is based on the totals of actual data reported by companies participating in the USMTO program. This report, compiled by AMT – The Association For Manufacturing Technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
AMT – The Association For Manufacturing Technology represents U.S.-based providers of manufacturing technology – the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, Virginia, near the nation’s capital, AMT acts as the industry’s voice to speed the pace of innovation, increase global competitiveness, and develop manufacturing’s advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparalleled level of support. AMT also produces IMTS – The International Manufacturing Technology Show, the premier manufacturing technology event in North America. www.AMTonline.org
IMTS – International Manufacturing Technology Show - The largest and longest running manufacturing technology trade show in the United States is held every other year at McCormick Place in Chicago, Ill. IMTS 2022 will run Sept. 12-17. IMTS is ranked among the largest trade shows in the world. Recognized as one of the world’s preeminent stages for introducing and selling manufacturing equipment and technology as well as connecting the industry’s supply chain. IMTS attracts visitors from every level of industry and more than 117 countries. IMTS 2018 was the largest in number of registrations (129,415), net square feet of exhibit space (1,424,232 sq. ft.), booths (2,123) and exhibiting companies (2,563). IMTS is owned and managed by AMT – The Association For Manufacturing Technology. www.IMTS.com