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Metalworking Machinery Orders Fell for 3rd Straight Year in 2024

Summary by Modern Distribution Management

New orders for metal cutting, forming and fabricating machinery (manufacturing technology) totaled $513.8 million in December 2024, according to the Association for Manufacturing Technology’s monthly Manufacturing Technology Orders Report (USMTO). Month-to-month, that total was up 15% from November and up 5.4% year-over-year. For the calendar year, 2024 orders totaled $4.7 billion — down 3.8% from 2023. It was the third straight year that orders…

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Modern Distribution Management

Metalworking Machinery Orders Fell for 3rd Straight Year in 2024

New orders for metal cutting, forming and fabricating machinery (manufacturing technology) totaled $513.8 million in December 2024, according to the Association for Manufacturing Technology’s monthly Manufacturing Technology Orders Report (USMTO). Month-to-month, that total was up 15% from November and up 5.4% year-over-year. For the calendar year, 2024 orders totaled $4.7 billion — down 3.8% from 2023. It was the third straight year that orders…

2 months ago

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Modern Distribution Management broke the news in 2 months ago on Monday, February 10, 2025.

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