Manufacturing Technology Orders Through October 2022 on Pace With Best Year Ever
New orders of manufacturing technology totaled $457.7 million in October 2022, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. October 2022 orders were 20% below October 2021 and 12% lower than September 2022, the smallest decline in orders from an IMTS September ever recorded. Orders are nearly even with this point in 2021, roughly $4 million above the YTD total in October 2021.
“Although we are reporting a down month and near-flat year-to-date sales, orders for manufacturing technology continue to come in at a near-record pace,” said Douglas K. Woods, president of AMT. “October 2022 was the third-highest October on record. Typically, orders in an October after an IMTS are down 23% from the previous month. Orders are returning to normal seasonal trends, but at an elevated level.”