The U.S. Manufacturing Technology Orders report for May 2017 showed gains for the month and year over year, according to the Association for Manufacturing Technology (AMT). May orders were up 3.1% over April, and 21.8% over May 2016. The gains in manufacturing technology orders are in line with other positive economic indicators for the manufacturing industry: industrial production, rising exports, continued industry expansion as indicated by the PMI, and strong consumer sentiment.
Orders for May 2017 totaled $351.85 million, compared to $341.33 million in April and $288.93 million in May 2016. Year to date, orders are valued at $1,667.18 million, compared to $1,552.37 million for the same point in 2016.