New orders for metal cutting, forming, and fabricating machinery in the U.S. manufacturing sector reached $491 million in December 2023, up almost 22% from November and nearly 12% year-over-year, according to the Association for Manufacturing Technology (AMT). The figure was the second-highest order level of the year and the first month to outperform 2022. Although AMT data indicated that full-year manufacturing technology orders for 2023 were 11.2% lower than the previous year, the association noted that the figure surpassed many predictions, with the year falling about 20% shy of 2022. The association highlighted that contract machine shops, the largest customers for manufacturing technology, reduced their 2023 orders
U.S. Manufacturing Tech Orders Rocked in 2023
Latest from News
Subaru and Dell Technologies team up for AI in cars.
TLDR: Subaru partners with Dell Technologies to enhance driver safety through AI and high-performance storage. Dell PowerScale storage enables Subaru to store and analyze
ANJI Technology disappoints with decreased earnings in FY 2023.
TLDR: ANJI Technology’s Full Year 2023 earnings report shows a decrease in revenue, net income, and EPS compared to FY 2022. Profit margin increased
Invest in 3 hot stocks for booming wearable tech market.
TLDR: Key Points: Article discusses the impact of social media on mental health Provides tips on how to mitigate negative effects In the article,
Innovative startup turns bones into protein-rich nuggets for future foods
TLDR: Startup SuperGround has developed technology that turns bones into a protein-packed paste for food The technology aims to reduce waste, pollution, and the
Time revolutionized with cutting-edge laser technology.
TLDR: Revolutionary advances in laser technology have occurred, thanks to the work of John “Jan” Hall and Jun Ye at JILA and NIST. Their