US Manufacturing Technology Orders Totaled $322.5 Million in January 2021

Noria news wires

 

McLean, Va. (March 8, 2021) – U.S. Manufacturing Technology Orders totaled $322.5 million in
January 2021, a 29% decrease from December 2020, but a 12% increase over January 2020,
according to the latest U.S. Manufacturing Technology Orders report published by AMT – The
Association For Manufacturing Technology. This is the third straight month of year-over-year
gains, a trend not seen since late 2018.
 
“It is encouraging to see that January was the third straight month of year-over-year gains
in manufacturing technology orders,” said Douglas K. Woods, president of AMT. “The
decline from December 2020 was expected, given the unusual strength of that month’s
orders. January orders were buoyed by the largest capital equipment investments in forming
technology since May 2019. The automotive sector was particularly active, as U.S. auto
manufacturers are planning external body styling changes in 2021 that were postponed in
2020 due to the pandemic. The high number of January automotive orders for forming not only
reflected orders planned for 2021, but also included orders planned for 2020 that were delayed
until 2021.”
 
“Another bright spot was the mold and die sector, which after nearly a two-year decline in
monthly orders, has been increasing capacity steadily since May 2020, reflecting the supply
chain shifts to domestic producers. We expect that additional actions to reduce supply chain
risks will maintain investment in this sector through 2021 and perhaps even be accelerated
with President Biden’s executive orders to have agencies evaluate supply chains critical to
manufacturing capacity”.

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