Manufacturing Technology Orders Up 103.9% in 2011 Aug 31, 2011

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June U.S. manufacturing technology orders totaled $459.39 million in June 2011, according to a report from AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association.

June orders were up 15.3% from May 2011 and up 91.7% when compared with the total of $239.68 million reported for June 2010. With a year-to-date total of $2,453.78 million, 2011 is up 103.9% compared to the first 6 months of 2010.

"At this pace, the industry would post orders equal to all of 2010 by the end of August," said Douglas K. Woods, president of AMT. "Still, industry leaders view the rest of 2011 with cautious optimism given the weakness in parts of the economy illustrated by the Dow’s plunge at the beginning of August. We expect a bump in orders related to customers taking advantage of the current Bonus Depreciation rate before it is reduced in 2012."

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