September U.S. manufacturing technology orders totaled $497.3 million, according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 56 percent from August and up 52 percent from September 2015.
Year-to-date, total orders were $2,914.4 million, down 6.4 percent compared to the same point in 2015.
"Every two years in September, the impact of IMTS – The International Manufacturing Technology Show on the industry is reflected in the USMTO report. I call it the 'IMTS Effect,'" said AMT President Douglas K. Woods. "This year's uptick in orders indicates manufacturers are eager to see and confident enough to invest in the latest manufacturing technology to improve their operations and products, but the momentum will slow heading into 2017."
All major customer sectors realized dramatic increases in order levels in September, according to the report, except the auto industry. This supports news that the strongest market over the past 20-month downturn has hit the pause button due to a shift in consumer demand from cars to trucks.
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