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    Machine tool orders so far this year

    2018 has seen some mixed results in machine tool orders. Advanced Manufacturing reported, "Orders totaled $371.62 million in January. That was down 20% from a revised $463.29 million the month before. But the January order total increased 44% from the  $258.01 million in January 2017." The sector is growing fast and working hard to keep up with increased demand. These trends are expected to continue throughout the year, but may be impacted by new tariffs. 

    Recommended ReadMachine Tool Orders Start 2018 With Mixed ResultsSource: http://advancedmanufacturing.org

    Machine tool orders began 2018 with mixed results, dropping from December but posting a surge on a year-over-year basis, the Association for Manufacturing Technology (McLean, VA) said in a monthly report. Orders totaled $371.62 million in January. That was down 20% from a revised $463.29 million the month before. But the January order total increased 44% from the  $258.01 million in January 2017. The figures for machine tool orders are based on information from companies participating in AMT’s US Manufacturing Technology Orders (USMTO) program. December order figures normally benefit from end-of-the year business. AMT said the first month of 2018 represented the second-best January recorded by USMTO. “The large volumes ordered in January were on par with expectations and indicative of the capacity expansion we expect US manufacturers to pursue throughout 2018 and well into the next year,” Douglas K. Woods, president of AMT, said in a  statement. AMT has said it expects improvements in orders at least through 2018’s first quarter. Read More

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