July U.S. manufacturing technology orders totaled $506.97 million according to the latest The United States Manufacturing Technology Orders (USMTO) report. July figures were up 7.3% from June 2011 and up 92.7% from the $263.14 million reported for July 2010. With a year-to-date total of $2,975.10 million, 2011 is up 102.9% compared to 2010.
"The stock market’s volatility and the traditional summer slowdowns as budgets are depleted were no match for the ongoing demand to get new machines into production as soon as possible,” said Peter Borden, AMTDA President. “This pace will slow; but for USMTO 2011 so far, there are no signs of what we hear on the nightly news.”
The USMTO report is compiled monthly by AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association For Manufacturing Technology.
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