Manufacturing Technology Orders Hint at Expansion
May 15, 2012
March U.S. manufacturing technology orders totaled $495.97 million according to the Association for Manufacturing Technology (AMT). This total, as reported by companies participating in the USMTO program, was up 11.3% from February but down 1.4% up when compared with the total of $502.89 million reported for March 2011. With a year-to-date total of $1,356.70 million, 2012 is up 12.9% compared with 2011. 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 is expanding with no clear signal of a downturn in sight," said Douglas K. Woods, AMT president. "Manufacturing added 34,000 jobs in March, capacity utilization is just shy of 80 percent and USMTO order growth confounds experts as it climbed 12 percent over 2011 levels. However, remaining obstacles to future manufacturing investment include a lack of access to credit, global supply issues, encroaching industry regulations and taxes, and overall political uncertainty."
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