AMT Reports Slight Downturn on January Orders
March 12, 2013
January U.S. manufacturing technology orders totaled $370.62 million according to The Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program, was down 26.5 percent from December and down 12.2 percent when compared with the total of $422.33 million reported for January 2012. With a year-to-date total of $370.62 million, 2013 is down 12.2 percent compared with 2012. 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 drop-off between December and January is typical for technology orders, and it’s important to keep in mind that orders were exceptionally strong at the end of 2012, outperforming much of the broader economy,” said Douglas K. Woods, AMT president. “While the manufacturing economy continues to be strong, we may see its growth undercut by fiscal uncertainty due to the impact from sequestration.”
The USMTO report, compiled by 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. 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.
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