Manufacturing Numbers

The latest from the BLS and IMTS

The United States continues to see renewed manufacturing investment and output growth, but sustaining reindustrialization depends on accelerating productivity. At IMTS – The International Manufacturing Technology Show this week, the manufacturers and job shops that build America are finding the technologies, ideas, and connections that translate capital investment into greater efficiency, resilience, and long-term competitiveness.

U.S. manufacturing generates trillions of dollars in economic output, and IMTS serves as a marketplace connecting manufacturers with technology providers. According to the U.S. Manufacturing Technology Orders Report, in the first half of 2026, new orders of metalworking machinery reached a record total of $3.44 billion, up 36% year over year and the strongest half since USMTO began tracking orders in 1998. New orders for manufactured durable goods increased $3.6 billion, or 1.1%, to $339.3 billion in July, according to the U.S. Census Bureau, marking the fourth increase in five months. The ISM Manufacturing PMI registered 54.6 in August, the eighth straight month of manufacturing sector expansion, while ISM's broader economic indicator has now shown growth for 22 consecutive months.

“Economic momentum, demand for a stronger U.S. industrial base, continued reshoring and foreign direct investment, new incentives for capital investment, and the launch of cutting-edge technologies are creating one of the most exciting moments manufacturing has seen in years – and one of the most important reasons to attend IMTS,” says Douglas K. Woods, president of AMT, which owns and produces IMTS. “Across aerospace, defense, medical, AI infrastructure, and other high-demand sectors, manufacturers are looking for the technologies, partners, and productivity gains that will help them compete and grow.”

Manufacturing sector labor productivity increased 2.4% in the second quarter of 2026, as output increased 5.4% and hours worked increased 2.9%, according to the U.S. Bureau of Labor Statistics. Durable-goods manufacturers performed even better, increasing productivity 3.6% as output grew 7.3%. Manufacturing unit labor costs decreased 0.3%, with productivity gains offset by higher hourly compensation.

U.S. and foreign companies have announced $11 trillion in U.S. investment commitments, according to investments tracked by the White House, underscoring the scale of opportunity for manufacturers and technology providers gathering at IMTS. The investment momentum aligns with reshoring trends that continue to reshape U.S. manufacturing.

“Manufacturing is surging,” confirms Harry Moser, founder of the Reshoring Initiative. “Much of that strength is due to reshoring and foreign direct investment staying strong and being projected to reach a near-record 338,000 jobs announced in 2026 alone.”

To celebrate reshoring, Moser will present the 2026 National Metalworking Reshoring Award to two recipients, AccuRounds and Three M Tool & Machine & Ultra-Grip. Moser says balancing the country's $1.3 trillion goods trade deficit will require a 40% increase in manufacturing and a surge in investment and productivity. The award-winning shops demonstrate how manufacturers can help close that gap.