New manufacturing technology orders jumped more than 20% in December, though still less than the recent average for that month, and an overall disappointing year came to a close, according to a new report from the Association for Manufacturing Technology.
The calendar year wrapped up with order values growing 20.4% in December, just below the 22.4% average growth for that month the last five years. That marked the second-highest monthly orders total in 2015, behind only March. Overall, orders dropped 17.4% year-over-year.
The strong finish — though, again, not as strong as recent Decembers — does not change the AMT forecast for 2016, largely because orders rise at the end of the year as companies invest profits into new equipment and as suppliers aim to reduce inventory with discounted products.