08192018Sun
Last updateFri, 17 Aug 2018 5pm

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Manufacturing & The Economy

Manufacturing Technology Orders Up 42% in March

U.S. manufacturing technology orders continued to rise in March, increasing 42% over February 2018 and 23% over March 2017, once again demonstrating strong, sustained growth in the sector, according to the U.S. Manufacturing Technology Orders report from The Association For Manufacturing Technology (AMT). Overall, orders totaled $509 million in March, bringing the year-to-date total orders to $1.2 billion.

In March, every region saw an increase in orders, with the Northeast showing the lowest gain at 3.15%. The Southeast increased the most with a 120% month-over-month jump, returning to a strong growth trajectory after a weaker than expected February. Meanwhile, the North Central-West region saw order rates grow more than 71%. 

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