U.S. Manufacturing Technology Orders rise 4.1% over 2011.
Press Release Summary:
October 10, 2012 - Reported by companies participating in United States Manufacturing Technology Orders (USMTO) program, August U.S. manufacturing technology orders totaled $470.44 million – up 3.4% from JulyÂ but down 4.7% from August 2011. Year-to-date total, $3,606.56 million, was up 4.1% comparedÂ to 2011. In comment, AMT President Douglas K. Woods said, "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."
Original Press Release
Year-to-Date U.S. Manufacturing Technology Orders Up 4.1% Over 2011
Press release date: October 8, 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.
“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.