Orders for manufacturing technology kept their momentum in October 2017, gaining 6.3% over September to a total value of $428.32 million, according to the latest U.S. Manufacturing Technology Orders Report from The Association for Manufacturing Technology (AMT). Year to date, orders are up 7.6% compared to the same point in 2016.
AMT analysis shows the manufacturing technology market on an upturn through the last quarter of 2017. Most major industrial sectors showed improvement in October, with medical equipment orders up 60% and contract machine shops also continuing to invest. Aerospace orders declined for the month after an exceptionally strong September, and orders from the off-road equipment industry also showed weakness.