2023 concludes with a triumphant note for U.S. manufacturing technology orders.

The U.S. Association for Manufacturing Technology (AMT) has reported that new orders for metal cutting, forming, and fabricating machinery, also known as manufacturing technology, reached $491m in December 2023, up nearly 22% from November and nearly 12% on a year-over-year basis. AMT data showed that manufacturing technology orders for the full year of 2023 reached $4.94bn, a decrease of 11.2% compared to 2022. However, this figure outperformed many predictions and was the second-highest order level in 2023. The AMT also noted that although orders from contract machine shops decreased in 2023, orders from larger original equipment manufacturers (OEMs)