Final US Machine Tool Report Caps Recovery Year
AMT’s December new-orders summary brought the 12-month total to $4.52 billion, up 8% year-to-date
Domestic machine shops and other manufacturers ordered $446.8 million worth of new capital goods during December 2017, bringing total new orders for the 12-month period to $4.52 billion, and closing out a year that demonstrated U.S. manufacturing recovery on a wide scale.
The figures are provided by the Association for Manufacturing Technology in its monthly U.S. Manufacturing Technology Orders (USMTO) report. The results show new orders rising 5.5% from November but falling -8.2% from the December 2016 totals.
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