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March Metalworking Machinery Orders Accelerate 16% From February


Orders surged nearly 42 percent year-over-year compared to a downtrodden March 2020.
May 10th, 2021
iStock
MCLEAN, VA U.S. Manufacturing Technology Orders totaled $437.9 million, an increase of 16.1 percent over February 2021 and an increase of 41.6 percent over March 2020, according to the latest U.S. Manufacturing Technology Orders (USMTO) report published by the Association For Manufacturing Technology (AMT). Total orders for 2021 reached $1.1 billion, almost one-third above the total orders in the first quarter of 2020.
“It is noteworthy that total orders in the first quarter were significantly higher than total orders in Q1 2020, given the strength of the first three months of 2020, when the pandemic had not yet affected the industry,” said Douglas K. Woods, president of AMT. “And while these are certainly impressive numbers, they should have been even higher when looking at Oxford Economics’ prediction that U.S. GDP could have been 9.2 per ....

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