June 23, 2021
Technology

U.S. Manufacturing Technology Orders Growth Reported – Metrology and Quality News

U.S. Manufacturing Technology Orders totaled $437.9 million, an increase of 16.1% over February 2021 and an increase of 41.6% over March 2020, according to the latest U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. 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% had inventories been at their normal levels versus the…

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