Manufacturing Technology Orders Up 66.4% in 2011

Feb 14, 2012 10:26 AM

December U.S. manufacturing technology orders  totaled $519.98 million, according to the Association For Manufacturing  Technology (AMT) and the American Machine Tool Distributors’ Association  (AMTDA).

This total, as reported by companies  participating in the USMTO program, was up 12.2% from November and up 12.7%  when compared with the total of $461.48 million reported for December 2010.  With a year-to-date total of $5,508.81 million, 2011 was up 66.4% compared with  2010.

These numbers and all data in this report are based on the totals  of actual data reported by
  companies participating in the USMTO program.

“USMTO finished its strongest  year in more than a decade as manufacturing led the U.S. recovery into 2012,”  said AMT President Douglas K. Woods. “The 67 percent increase is nearly 20  points higher than forecasters predicted, which is great news in terms of  reducing the foreign trade deficit. Manufactured goods represent more than 65  percent of trade, so the rise of U.S. manufactured products will help reduce  our reliance on imports and support growth in exports.”

The United States Manufacturing Technology Orders (USMTO) report,  jointly compiled by the two trade associations representing the production and  distribution of manufacturing technology, provides regional and national U.S.  orders data of domestic and imported machine tools and related equipment.  Analysis of manufacturing technology orders provides a reliable leading  economic indicator as manufacturing industries invest in capital metalworking  equipment to increase capacity and improve productivity.

U.S. manufacturing technology orders are also reported on a  regional basis for five geographic breakdowns of the United States.

Northeast  Region
  At $90.76 million, December manufacturing technology orders in the  Northeast Region were up 9.1% when compared with the $83.18 million total for  November and up 28.0% when compared with December a year ago. The year-to-date  total of $852.96 million was 40.7% more than the comparable figure for 2010.

Southern  Region
  December manufacturing technology orders in the Southern Region  totaled $91.29 million, 68.7% more than November’s $54.11 million and 82.9%  more than the December 2010 total. With a year-to-date total of $712.88  million, 2011 was up 59.0% when compared with 2010 at the same time.

Midwest  Region
  Midwest Region manufacturing technology orders in December stood  at $178.83 million, 19.8% more than the November total of $149.30 million and  up 11.1% when compared with December 2010. At $1,849.55 million, the 2011  year-to-date total was 81.6% more than the comparable figure for 2010.

Central  Region
  Manufacturing technology orders in the Central Region in December  totaled $115.01 million, down 10.1% from November’s $127.96 million and down  6.7% when compared with the December 2010 figure. The $1,472.77 million  year-to-date total was 69.6% higher than the total for the same period in 2010.

Western  Region
Western Region manufacturing technology orders totaled $44.10  million in December, 10.0% less than the $49.00 million total for November and  21.7% less than the tally for December 2010. At $620.66 million, 2011  year-to-date was up 68.0% when compared with 2010 at the same time.

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