According to the latest U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, July 2021 new manufacturing technology orders totaled $472.6 million, a slight decrease of 5.6% from June but a 41.5% increase compared to July 2020. The year-to-date total was just shy of $3 billion, a 48% increase from the total through July 2020.
“July is typically a soft month in any year, and despite the massive recovery we’re seeing, 2021 is no different,” says Patrick McGibbon, chief knowledge officer at AMT. “The difference between 2021 and any other year is the scale of orders our members are reporting going into the late-summer slump. Through the first seven months of 2021, orders are just a fraction off the pace to become the program’s second-highest annual total.
