Manufacturing technology orders up 73.9% from 2010

November U.S. manufacturing technology orders totaled $430.17 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 U.S. Manufacturing Technology Orders (USMTO)  program, was down 6.9% from October but up 26.6% when compared with the total of $339.68 million reported for November 2010. With a year-t0-date total of $4,956.51 million, 2011 is up 73.9% with 2010.

These numbers an all data in this report are based on totals of actual data reported by companies participating in the USMTO program. The USMTO report provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. USMTO is a joint statistical program of AMT and AMTDA.

“Manufacturing technology orders slowed slightly in November, but maintained their sprint toward the 2011 finish line thanks to the bonus depreciation tax incentive,” said Peter Borden, AMTDA president. “The order slowdown in metal cutting equipment was countered by acceleration in the fabricating sector and contributed to an increase over 2010 of nearly 75%. Backlogs for 2012 are very healthy at this point and growing longer.”

 

-Bill O’Leary

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