New orders of manufacturing technology totaled $398.9 million in September 2023, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. September orders declined 2.8% from August 2023 and 23.4% from September 2022. Year-to-date orders reached $3.64 billion, 13.8% lower than the first three quarters of 2022.
“Though 2023 orders are down, activity is still above long-term historical averages, indicating relative health overall,” says Douglas K. Woods, president of AMT. “We are still seeing strength in key industries, with contract machine shops, medical, and automotive continuing to invest heavily in manufacturing technology.”
