Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, totaled $343.3 million in February 2024.
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Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT, totaled $338 million in January 2024, a 31% decline from December and a 3.7% decline from January 2023.
In an upside surprise, December 2023 orders of manufacturing technology totaled $491 million, up nearly 22% from November 2023, and nearly 12% above December 2022, according to the U.S. Manufacturing Technology Orders Report published by AMT.
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Despite a soft economic landing, U.S. manufacturing technology orders, per the U.S. Manufacturing Technology Orders Report published by AMT, saw a 10.3% decline to $399.8 million, contributing to a year-to-date drop of 13.3% compared to 2022.
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Despite a more optimistic outlook, orders for manufacturing technology, measured by the USMTO report, continued to fall relative to 2022. Through October 2023, orders totaled $4.05 billion, 13.5% behind the total for the first 10 months of 2022.