U.S. Manufacturing Technology Orders are up 4.8% from 2011.
Press Release Summary:
January 17, 2013 - According to AMT, November U.S. manufacturing technology orders totaled $421.83 million. This total, as reported by companies participating in the USMTO program, was down 11.0% from October and down 8.5% when compared with total of $460.86 million reported for November 2011. With year-to-date total of $5,212.17 million, 2012 was up 4.8% compared with 2011.
Original Press Release
U.S. Manufacturing Technology Orders up 4.8% from 2011
Press release date: January 14, 2013
“Orders for all of 2012 remain full steam ahead, likely on pace to pass the totals of 2011 and echoing the overall strength of manufacturing for the year,” said Douglas K. Woods, AMT President. “While economic uncertainty remains a concern for both businesses and consumers, we anticipate a steady, albeit slower growth for manufacturing as we begin 2013.”
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.
U.S. manufacturing technology orders are also reported on a regional basis for five geographic breakdowns of the United States.
Manufacturing technology orders in the Northeast Region in November totaled $66.02 million, up 1.9% from October’s $64.81 million but down 20.8% when compared with the November 2011 figure. At $713.53 million, 2012 year-to-date was down 6.4% when compared with 2011 at the same time.
Southern Region manufacturing technology orders totaled $65.47 million in November, down 6.4% from the $69.98 million total for October but 22.6% higher than the total for November 2011. The year-to-date total of $760.48 million is 17.7% more than the comparable figure for 2011.
At $129.36 million, November manufacturing technology orders in the Midwest Region were down 20.9% when compared with the $163.55 million total for October and down 13.7% when compared with November a year ago. With a year-to-date total of $1,664.51 million, 2012 was up 3.5% when compared with 2011 at the same time.
November manufacturing technology orders in the Central Region totaled $109.15 million, 14.3% lower than October’s $127.32 million and down 13.0% when compared with the November 2011 figure. At $1,458.43 million, the 2012 year-to-date total was 5.6% more than the comparable figure for 2011.
Western Region manufacturing technology orders in November stood at $51.82 million, up 7.4% from the October total of $48.23 million and 6.2% higher than the figure for November 2011. The $615.22 million year-to-date total was 6.7% above the total for the same period in 2011.
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.)