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Manufacturing Technology Orders Continue to Climb
January 9, 2012
November U.S. manufacturing technology orders totaled $430.17 million according to the American Machine Tool Distributors' Association (AMTDA) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program, was down 6.9 percent from October but up 26.6 percent when compared with the total of $339.68 million reported for November 2010. With a year-to-date total of $4,956.51 million, 2011 is up 73.9 percent compared with 2010. These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program. "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 percent. Backlogs for 2012 are very healthy at this point and growing longer." The USMTO report, jointly compiled by the two 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. 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. For the full report, visit the website below.