Manufacturing Technology Orders Up 5.6% Year-to-Date
Nov 19, 2012 11:00 AM
September U.S. manufacturing technology orders totaled $667.47 million and the year-to-date is $4,282.11 million, up 5.6% compared with 2011, according to the United States Manufacturing Technology Orders (USMTO) Report.
In the 17 years that this data has been collected, there is only one other month that broke $600 million. It is possible that the industry could average $450 million a month for all of 2012 — the largest year ever for this program.
Manufacturing technology orders are truly an indication of the vitality of America’s industrial base. Changes in orders are a confirmation of recovery, often establishing an upturn or downturn long before the traditional indicators identify a trend.
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