U.S. orders for new machine tools rose 13.8% from October to $650.05 million in November 2021, more than double (+111.3%) the November 2020 total.
U.S. orders for new machine tools rose 13.8% from October to $650.05 million in November 2021, more than double (+111.3%) the November 2020 total, according to the latest U.S. Manufacturing Technology Orders Report released by the Association for Manufacturing Technology (AMT).
AMT reported it to be the second-highest monthly total in the long-running USMTO series. The rise in activity continues a steady recovery in machine-tool demand throughout 2021, not only rebounding from the break in activity due to the Covid-19 pandemic but also supply-chain delays and skilled-labor shortages, reports the publication American Machinist.
Through 11 months of new orders for 2021, the USMTO total stands at $5.315 billion, a $57.8% increase over comparable 2020 results.
The monthly USMTO report summarizes nationwide and regional data of new orders for metal-cutting and metal-forming and -fabricating machinery – presented in actual dollar values – and serves as a forward-looking indicator of overall manufacturing activity, as machine shops and other manufacturers make capital investments in preparation for demand expected in the weeks and months ahead.
“November orders illustrate continued recovery despite ongoing challenges brought on by the pandemic,” according to AMT president Douglas K. Woods.