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|Manufacturing Technology Orders Up 80.5% in 2011
October U.S. manufacturing technology orders totaled $463.32 million according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTO program, was down 22.4% from September, but up 20.3% when compared with the total of $385.21 million reported for October 2010. With a year-to-date total of $4,529.11 million, 2011 is up 80.5% compared with 2010.
These numbers and all data in the USMTO report are based on the totals of actual data reported by companies participating in the USMTO program.
“Manufacturing technology orders through October have already surpassed the total value accumulated in 2007,” said Doug Woods, AMT President. “The beginning of 2012 will be a little slow as tax incentives pulled some orders back into 2011, which will likely make 2012 growth slower.”
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.
For more information including regional breakdowns, read the report online at www.amtda.org.