Manufacturing technology orders rise but still below 2022 level

Becky Schultz Vice President of Content, Power Division

10 July 2023

Even substantial growth in manufacturing technology investment by construction equipment manufacturers was not enough to buoy annual orders in 2023, which remain nearly 15% below the 2022 level despite a more than 8% increase in order volume in May 2023.

According to the latest U.S. Manufacturing Technology Orders (USMTO)…

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