Manufacturing Orders Jump 14% in November - Modern Distribution Management

Manufacturing Orders Jump 14% in November

Orders surpassed $650 million during the month, according to the latest U.S. Manufacturing Technology Orders Report.
manufacturing technology orders january 2022

Orders of manufacturing technology in the U.S. surpassed $650 million in November 2021, the second-highest monthly total and only the fifth instance monthly orders have exceeded $600 million since the beginning of the program in 1998, according to the latest U.S. Manufacturing Technology Orders Report published by The Association for Manufacturing Technology.

The value of orders was up nearly 14% from October 2021 and more than doubled the value of orders received in November 2020, AMT said.

The year-to-date total topped $5.3 billion, about $340 million shy of becoming the best year in the history of the program, according to the report.

“November orders illustrate continued recovery despite ongoing challenges brought on by the pandemic,” said AMT President Douglas K. Woods. “Tool and die, valve manufacturing, forging and stamping, and hardware — sectors in decline due to decades of outsourcing prior to the pandemic — continued to make a comeback due to reshoring,” Job shops showed a modest decline in dollars spent but a double-digit increase in orders, indicating an industry-wide need for increased capacity.”

Two sectors that show increased orders in November despite “continued challenges” were aerospace and off-road equipment, according to AMT.

The aerospace sector has seen hurdles with flight cancellations and staffing issues that “may dampen any near-term plans to increase fleet sizes.”

“However, despite these disruptions, this sector has nearly doubled its orders from the previous month,” the report states. “Heavy off-road equipment used for agriculture, mining, and construction have also increased by multiples over October 2021, likely due to anticipated interest rate hikes.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!