September U.S. manufacturing technology orders totaled $647.63 million according to The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 77.3 percent from August and up 61.4 percent when compared with the total of $401.18 million reported for September 2013. With a year-to-date total of $3,738.72 million, 2014 is up 5.2 percent compared with 2013.
“We now have data to back up the anecdotal reports that IMTS was an exceptionally strong show," said Douglas K. Woods, AMT President. "This is a great sign that manufacturers are eager to invest in equipment that will boost their productivity. But Washington’s cooperation will be essential to continuing our momentum going forward. With the midterm elections just passed, Congress now must focus on passing tax extender legislation during the lame-duck session, and then taking on comprehensive tax reform once the new Congress convenes in 2015.”