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Machine Tool Orders Rise in May, AMT Says

Machine tool orders rose in May as the industry recovers from a two-year slump, the Association for Manufacturing Technology (McLean, VA) said in a monthly report.

Manufacturing Cuts 18,000 Jobs in March

Manufacturing lost 18,000 jobs last month, with non-durable goods industries taking the biggest hit as the novel coronavirus (COVID-19) slammed the economy.

Oil, Natural Gas Pipe Demand to Grow 11% Annually Through 2022

Demand for oil and natural gas pipe is forecast to grow 11 percent annually to $15.4 billion in 2022, a strong recovery from severe declines seen during the 2012-2017 period. Growth will be driven by an expected increase in drilling activity as oil prices continue to recover from 2016 lows.

Machine Tool Orders Fall to Lowest Level in a Decade

Machine tool orders in April plunged to their lowest level in almost a decade as global economic activity shut down because of the novel coronavirus (COVID-19), AMT – The Association for Manufacturing Technology said today.