US Machine Tool Demand Shows Solid Expansion

U.S. machine shops and other manufacturers ordered $372 million worth of new manufacturing technology (machine tools and related capital equipment) during January, well lower (-27.3%) than the December order value but significantly higher than the year-ago result. January 2017 new-orders totaled $250.57 million, meaning the current year started 33.3% ahead of the pace set last year.

The data is supplied by AMT - the Association for Manufacturing Technology in its monthly U.S. Machine Tool Orders report, which summarizes actual totals for machine tool sales, nationwide and within six regions.  The figures are provided to AMT by participating companies that produce and distribute metal-cutting and metal-forming and -fabricating equipment, including domestically manufactured and imported machinery and equipment.