Manufacturing technology orders up 8.8% in 2012

June U.S. manufacturing technology orders totaled $462.95 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the U.S. Manufacturing Technology Orders (USMTO) program, was down 0.6% from May and down 1.8% when compared with the total of $471.49 million reported for June 2011. With a year-to-date total of $2,682.37 million, 2012 is up 8.8% compared with 2011.

“Suppliers to technology builders are experiencing a backlog two to three times above normal levels, and consequently growth in manufacturing technology orders has slowed,” said Douglas K. Woods, AMT president. “Along with monthly gains in industrial production, manufacturing payrolls also saw gains for the second consecutive month – an indicator that companies are both confident and optimistic that demand will increase.”

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program. The USMTO report, compiled by trade associations 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.

For the full report, including a geographic breakdown of manufacturing technology orders, click here.

Advertisements

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: