November 2011 U.S. manufacturing technology orders were $430.17 million, down 6.9% from October 2011 but up 26.6% from $339.68 million in November 2010, according to trade associations AMTDA and AMT. Manufacturing technology orders for the first 11 months of 2011 were $4,956.51 million, up 73.9% from 2010.
"Manufacturing technology orders slowed slightly in November, but maintained their sprint toward the 2011 finish line thanks to the bonus depreciation tax incentive,” said Peter Borden, AMTDA President. “The order slowdown in metal cutting equipment was countered by acceleration in the fabricating sector and contributed to an increase over 2010 of nearly 75%. Backlogs for 2012 are very healthy at this point and growing longer.”
The United States Manufacturing Technology Orders (USMTO) report is compiled by AMTDA, the American Machine Tool Distributors’ Association and AMT - The Association For Manufacturing Technology. The report provides U.S. orders data of domestic and imported machine tools and related equipment. Analysis the orders is intended to provide a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
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