Domestic machine shops and other manufacturers ordered $485 million worth of new machine tools during May 2018, 22.4% more than the April new-order volume and 38.0% more than the order volume for May 2017. The new results bring the current year’s total value for new orders to $2.1 billion, or a 26% increase over the January-May 2017 period.
The data is reported in the latest U.S. Manufacturing Technology Orders Report, released by AMT – the Association for Manufacturing Technology, and based on new machine-tool (manufacturing technology) data supplied by participating companies that produce and distribute metal-cutting and metal-forming and -fabricating equipment. The monthly report includes data for domestically manufactured and imported machinery and equipment, and the results are based on actual order totals, nationwide and in six regional markets.
Read more: Double-Digit Growth in Machine Tool Orders