US manufacturing technology orders up in August
Oct 9, 2012 3:49 PM
Orders for manufacturing technology in the U S totaled $470.44 million in August, according to the Association For Manufacturing Technology.
This total, as reported by companies participating in the USMTO program, was up 3.4% from July but down 4.7% when compared with the total of $493.60 million reported for August 2011. With a year-to-date total of $3,606.56 million, 2012 is up 4.1% compared with 2011.
These numbers and all data in this report are based on the totals of actual data reported by
companies participating in the USMTO program.
“It’s a great sign for the industry to see both month-to-month and year-over-year gains in August, historically one of the slowest months for orders,” said Douglas K. Woods, AMT President. “With U.S. manufacturers still working through 5 months’ worth of backlogs along with what seemed to be exceptional order activity at IMTS this September, we may very well see a record year for USMTO over and above the last peak in 2011.”
The United States Manufacturing Technology Orders (USMTO) report, compiled by the trade association 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.
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