According to the United States Machine Tool Orders (USMTO) report published by the Association For Manufacturing Technology (AMT), July machine tool orders were 2,571 units and $552,311,000.

Unit orders in August increased 55.8% compared with one year ago, which was close to the same rate of month-over-month growth in April and May. August was the sixth month in a row with unit orders of more than 2,000 (2,000 machines ordered is a benchmark for a good month historically). August was the 11^th month of growth in the last 12 months. As a result, the annual rate of change grew at an accelerating rate for the sixth straight month to 26.5%, which was the fastest rate of growth since March 2012.

In July, real dollar orders increased 79.6%. This was the second fastest rate of month-over-month growth since August 2011. As a result, the average price of a machine was $217,000 in August, which was the highest since April 2017. The annual rate of change in dollar orders grew 28.6% in August, which was the fifth straight month of accelerating annual growth and the fastest growth since April 2012. 

Compared with one year ago, the GBI: Metalworking was 15.2% higher, which was the 14^th consecutive month of growth. The annual rate of change in the GBI grew 27.1% in September, which was the seventh straight month of accelerating growth. The strong growth in the metalworking industry should lead to accelerating growth in machine tool orders throughout 2021.