02222018Thu
Last updateThu, 22 Feb 2018 2pm

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Manufacturing & The Economy

Manufacturing Technology Orders Increased in November

Orders for manufacturing technology climbed year over year and year to date in November 2017 according to the Association for Manufacturing Technology (AMT). Orders totaled $425.97 million for the month, up 19.0% compared to November 2016. At a cumulative total of $4.06 billion for the year, orders were up 9.4% compared to the same point in 2016.

With consumer sentiment remaining at strong levels and capacity utilization continuing to move upwards, demand for manufactured goods is expected to stay strong in the coming months. The PMI from the Institute for Supply Management rose to 59.7 in December, the 16th consecutive month of growth. 

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