iConnectHub

Login/Register

WeChat

For more information, follow us on WeChat

Connect

For more information, contact us on WeChat

Email

You can contact us info@ringiertrade.com

Phone

Contact Us

86-21 6289-5533 x 269

Suggestions or Comments

86-20 2885 5256

Top

U.S. manufacturing technology orders down by 13.3% from October

Source:AMT – The Association For Manufa Release Date:2021-01-15 1456
Industrial MetalworkingMetalworkingIndustrial Robots & Automation EquipmentSoftware & CNC SystemMetal Cutting Machine ToolsMetal Forming Machine ToolsOthersMeasuring & Control SystemSurface TreatmentMetal MaterialsWelding Equipment & ToolsMolds & DiesSemiconductor/Electronic ChipSemiconductor / Electronic Chip
Add to Favorites

The U.S. Manufacturing Technology Orders totaled US$330.3 million in November 2020, a decrease of 13.3% from October, but an increase of 1.4% from November 2019, the first positive year-over-year change since January 2019, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. Year-to-date orders totaled $3.39 billion, a decrease of 18.7% from the first eleven months of 2019.  


Screen Shot 2021-01-10 at 8_00_39 PM.jpg

“Given the dire predictions about economic contraction in the manufacturing sector at the beginning of the pandemic, an 18.7% contraction in growth YTD, with only one month to go, makes clear that the sector did not fare as poorly as originally predicted,” said Douglas K. Woods, president of AMT. “The share of total orders from job shops increased in November. This could be due to larger manufacturers and OEMs delaying investments in capital equipment until 2021 when they can expense these investments against expected higher tax rates.” 


“Despite overall positive momentum in the past several months, December is not expected to be quite as strong as November for several reasons. Many facilities closed earlier or for longer than usual for the holidays because of supply-chain related delays, COVID-related staff shortages, and to regroup for 2021 after an overall challenging year.” 


“Orders in January are expected to pick up again but will likely experience inconsistent growth as increased economic demand is hampered by disruptions in workforce due to quarantines and restrictions, imported components supply chain issues, and overloaded rigging and freight providers. As we move forward in 2021, disruptions will become less severe and order levels will more closely resemble 2019 activity.”  


Add to Favorites
You May Like