With a year-to-date total of $4,753.68 million, 2012 is up 5.3 percent compared with 2011, according to AMT - The Association For Manufacturing Technology, McLean, Va.
In October, U.S. manufacturing technology orders totaled $459.16 million, as reported by companies participating in the USMTO program. The October value was down 31.3 percent from September and down 0.1 percent when compared with the total of $459.41 million reported for October 2011. The figures are based on the totals of actual data reported by companies participating in the USMTO program, a statistical program of the AMT.
“Orders continue to be on pace for a record-setting year, and a monthly drop was fully expected in the month following IMTS [the International Manufacturing Technology Show held in Chicago],” says Douglas K. Woods, AMT President.
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 an 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.