McLean, Va. (September 13, 2021) – New manufacturing technology orders totaled $472.6 million in July 2021, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. July 2021 orders saw a slight decrease of 5.6% from June but a 41.5% increase over July 2020 orders. The year-to-date total was just shy of $3 billion, a 48% increase from the total through July 2020.
“July is typically a soft month in any year, and despite the massive recovery we’re seeing, 2021 is no different,” said Patrick McGibbon, chief knowledge officer at AMT. “The difference between 2021 and any other year is the scale of orders our members are reporting going into the late-summer slump. Through the first seven months of 2021, orders are just a fraction off the pace to become the program’s second-highest annual total.
“The amplified pace of orders over the past several months has injected a degree of confidence into manufacturing not seen since before the pandemic. Increased onshore capacity and diversified supply chains have made lead times more predictable and inventories more consistent, allowing manufacturers closer to end-use customers to justify the capital expenditures we are seeing in this month’s USMTO orders. While this is the general trend in manufacturing, there still are industries where supply chain issues remain an impediment, particularly industries whose products rely heavily on computer chips.
“In line with the increase in orders from consumer-adjacent industries, the automotive and aerospace sectors also increased their share of total orders in July 2021. However, these industries have not maintained their pre-pandemic share of monthly orders because of the breadth of industries in need of manufacturing technology. July orders saw increases in motor vehicle stamping, food processing equipment, and agricultural equipment manufacturers.”
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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