U.S. manufacturing technology orders in the full year 2011 were $5,508.81 million, up 66.4% compared to 2010, according to industry associations AMT and AMTDA. December U.S. manufacturing technology orders were $519.98 million, up 12.2% from November 2011 and up 12.7% from $461.48 million in December 2010.
The United States Manufacturing Technology Orders (USMTO) report, jointly compiled by AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association, provides regional data of domestic and imported machine tools and related equipment order. The associations say that 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.
"USMTO finished its strongest year in more than a decade as manufacturing led the U.S. recovery into 2012," said AMT President Douglas K. Woods. "The 67% increase is nearly 20 points higher than forecasters predicted, which is great news in terms of reducing the foreign trade deficit. Manufactured goods represent more than 65% of trade, so the rise of U.S. manufactured products will help reduce our reliance on imports and support growth in exports."
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