USMTO totaled $383.8 million in October, up 3.7% from September 2020 “All metrics point to a continuation of economic recovery in the manufacturing technology sector,” says Douglas K. Woods, president of AMT. October 2019; however, this was smallest year over year difference in 2020 and a stark contrast to the 43.1% year over year decrease seen in May 2020. Total orders through October reached $3.07 billion, a decrease of 20.2% from 2019. “All metrics point to a continuation of economic recovery in the manufacturing technology sector,” says Douglas K. Woods, president of AMT. “Industrial machinery orders were strong in many industries relative to this time last year. The mold and die sector experienced strong growth for the second straight month, with orders being multiples of typical numbers and strongly indicating that mold and die manufacturing is being reshored. Pandemic-related needs for secure supplies of medical equipment, as well as continued strong growth for consumer products such as appliances, also contributed to this growth. Consumer products grew due to a continued strong housing market; housing starts in the last two months have been higher than any time since 2007.