U.S. Manufacturing Technology Orders Grew by Nearly 40 Percent in DecemberFebruary 9, 2021
December 2020 orders of manufacturing technology grew by nearly 40 percent from the previous month and by 17.6 percent year over year (YOY), according to the latest U.S. Manufacturing Technology Orders report published by AMT–The Association For Manufacturing Technology. December’s numbers represent the second consecutive month of YOY gains.
“In December, the industry saw growth in all geographic regions of the country as well as across the majority of manufacturing sectors,” says Douglas K. Woods, president of AMT. “The aerospace industry, which has been anemic since the spring due to the collapse of global travel, did significantly better than it has in many months. The November FAA approval of the Boeing 737 Max led to increased capital equipment investments by small and large companies that had financing dependent upon FAA approval in place for these investments.
“As 2020 closes,” Woods adds, “we can confirm that orders were down only 15 percent for 2020… things bode well for a positive start to 2021.”
See also: Association for Manufacturing Technology
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