July U.S. manufacturing technology orders totaled $506.97 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 7.3% from June, and up 92.7% when compared with the total of $263.14 million reported for July 2010. With a year-to-date total of $2,975.10 million, 2011 is up 102.9% 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.
“The manufacturing beat goes on! Machine tool sales continue to exceed forecasts for 2011,” said Peter Borden, AMTDA President. “The stock market’s volatility and the traditional summer slowdowns as budgets are depleted were no match for the ongoing demand to get new machines into production as soon as possible. This pace will slow; but for the USMTO 2011 so far, there are no signs of what we hear on the nightly news.”
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.