March U.S. Manufacturing Technology Orders see 30% gain.
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Press Release Summary:
According to AMT, March U.S. manufacturing technology orders totaled $507.91 million, which was up 30.4% from February and 3.2% when compared with total of $491.96 million reported for March 2012. With year-to-date total of $1,278.05 million, 2013 is down 5.0% compared with 2012. These numbers and all data in this report are based on totals of actual data reported by companies participating in the United States Manufacturing Technology Orders program.
Original Press Release:
March U.S. Manufacturing Technology Orders See 30% Monthly Gain
March U.S. manufacturing technology orders totaled $507.91 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 30.4% from February and up 3.2% when compared with the total of $491.96 million reported for March 2012. With a year-to-date total of $1,278.05 million, 2013 is down 5.0% compared with 2012.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“When making a year-over-year comparison with these figures, it’s important to take into account just how strong 2012 was for our industry. Our members are doing much better than analysts projected in January,” said Douglas K. Woods, AMT President. “With vehicle sales and housing starts on the upswing, we can anticipate that gains in the consumer economy will also mean buoyancy for the industrial economy, and manufacturing will remain steady for the foreseeable future.”Â
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.    Â
U.S. manufacturing technology orders are also reported on a regional basis for six geographic breakdowns  of the United States.
Northeast Region
Manufacturing technology orders in the Northeast Region in March totaled $71.99 million, up 31.8% from February’s $54.61 million but down 3.2% when compared with the March 2012 figure. At $177.37 million, 2013 year-to-date is down 6.5% when compared with 2012 at the same time.
Southeast Region
Southeast Region manufacturing technology orders totaled $36.07 million in March, up 20.2% from the $30.02 million total for February but 38.7% lower than the total for March 2012. The year-to-date total of $103.65 million is 21.1% lower than the comparable figure for 2012.
North Central-East Region
At $145.53 million, March manufacturing technology orders in the North Central-East Region were up 29.4% when compared with the $112.49 million total for February and up 19.1% when compared with March a year ago. With a year-to-date total of $363.91 million, 2013 is up 7.5% when compared with 2012 at the same time.
North Central-West Region
March manufacturing technology orders in the North Central-West Region totaled $105.93 million, 30.1% higher than February’s $81.43 million and up 21.4% when compared with the March 2012 figure. At $259.46 million, the 2013 year-to-date total is 6.5% higher than the comparable figure for 2012.
South Central Region
March manufacturing technology orders in the South Central Region totaled $66.04 million, 15.0% higher than February’s $57.41 million but down 18.4% when compared with the March 2012 figure. At $197.00 million, the 2013 year-to-date total is 27.9% less than the comparable figure for 2012.
West Region
West Region manufacturing technology orders in March stood at $82.36 million, up 54.2% from the February total of $53.41 million and 20.5% higher than the figure for March 2012. The $176.65 million year-to-date total is 4.6% above the total for the same period in 2012.
The Association For Manufacturing Technology
AMT – The Association For Manufacturing Technology represents and promotes U.S.-based manufacturing technology and its members—those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing. Founded in 1902 and based in Virginia, the association specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis. AMT is the voice that communicates the importance of policies and programs that encourage research and innovation, and the development of educational initiatives to create tomorrow’s Smartforce. AMT owns and manages IMTS – The International Manufacturing Technology Show, which is the premier manufacturing technology event in North America. The USMTO report is compiled by AMT and all data in the report is based on the totals of actual data reported by companies participating in the USMTO program.
(USMTO data is also available at www.AMTonline.org.)
ISSN# 10807756
Contact:
Mary Uhrina
AMT Media Relations
630-240-3139
clearlywrite@sbcglobal.net
Bonnie Gurney
AMT
703-827-5277
bgurney@AMTonline.org
