Manufacturing Technology Orders on the Rise from Western U.S. Manufacturers
December 13, 2023Comments
As the summer of 2023 ended, the number of economists predicting a recession dwindled quickly, yet despite the generally more optimistic outlook, orders for manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report, continued to fall relative to 2022. Published by AMT–The Association For Manufacturing Technology—the report finds that through October 2023, orders totaled $4.05 billion, 13.5 percent behind the total for the first 10 months of 2022.
Although total orders were behind, October was slightly above the average monthly value in 2023 and registered 4 percent above September order values. Driving the growth: orders placed in the West region, which grew nearly 60 percent over September. The South Central and Southeast regions also saw growth but at a much more modest pace, while order from the Northeast and North Central-East regions declined by modest single digits, while the North Central-West region declined nearly 30 percent from September 2023.
See also: Association for Manufacturing Technology
Technologies: Management
