Manufacturing technology orders climb 19 percent in past year
Orders for manufacturing technology climbed year-over-year and year-to-date in November 2017 according to the latest U.S. Manufacturing Technology Orders report from the Association For Manufacturing Technology (AMT). Orders totaled $425.97 million for the month, up 19.0 percent compared to November 2016. At a cumulative total of $4.06 billion for the year, orders were up 9.4 percent compared to the same point in 2016.
“The new tax law is a big victory for manufacturers, who have been fighting for meaningful tax reform for decades,” said AMT President Douglas K. Woods. “The lower rates together with expanded expensing provisions and a continued R&D tax credit will increase business confidence and investment at an time when transformative technologies are rapidly changing the landscape for our industry.”
More on the report HERE