August U.S. manufacturing technology orders totaled $460.61 million according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total was down 9.4% from July but up 88.5% when compared with the total of $244.35 million reported for August 2010. With a year-to-date total of $3,439.21 million, 2011 is up 101.0% compared to 2010.
“Despite news reports that wider economic growth may be stagnating, the manufacturing technology industry is sustaining its momentum,” said Douglas Woods, AMT President. “With orders still up substantially over last year, there is clearly optimism within the industry as firms are seeing future growth opportunities that merit new capital investment."
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