Orders for manufacturing technology in January 2018 were up 44% compared to January 2017, according to the latest U.S. Manufacturing Technology Orders (USMTO) report from the Association for Manufacturing Technology (AMT). It was the second-largest January in the 22 years recorded by the USMTO program. Orders totaled $372 million for the month, down 20% compared to December.
Every region tracked by USMTO recorded order growth relative to January 2017, while only the southcentral region realized a month-over-month gain as it benefitted from strong orders in primary metal products, contract machining and improvement in oil and gas. The north-central-west region, led by medical equipment and industrial machinery, was up 69% relative to January 2017. Nationally, orders from the forging and stamping industry were up 114% over December, while the primary metal products industry posted a 93% increase over December.