U.S. manufacturing technology orders up 5.3% over last year

October U.S. manufacturing technology orders totaled $459.16 million according to AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the U.S. Manufacturing Technology Orders program, was down 31.3% from September and down 0.1% when compared with the total of $459.41 million reported for October 2011. With a year-to-date total of $4,753.68 million, 2012 is up 5.3% compared with 2011.

“Orders continue to be on pace for a record-setting year, and a monthly drop was fully expected in the month following [the International Manufacturing Technology Show],” said Douglas K. Woods, AMT president. “While manufacturing  continues to play a strong role in economic recovery, our main concern heading toward the end of the year is that lawmakers do what’s necessary to avoid the ‘fiscal cliff,’ and the implications it could have on the broader economy.”

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 AMT, 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.

For the complete report, including geographic breakdowns and net new orders figures, click here.

-Bill O’Leary

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