Orders for manufacturing technology climbed month-to-month and year-to-date in December 2017, according to the latest U.S. Manufacturing Technology Orders report from the Association for Manufacturing Technology (AMT). Orders totaled $447 million for the month, up 6% compared to November. At a cumulative total of $4.5 billion for the year, orders were up 8% compared to the year-end total in 2016.
“The year ended as market growth looks to pick up speed in the first quarter of 2018 with the only constraint to growth being builders ability to deliver product fast enough,” said AMT president Douglas K. Woods. “This has been exacerbated by recent rebounds in both the EU and Chinese manufacturing sectors significantly increasing the demand side of the equation.”