Manufacturing Technology Orders Up 12.1% in 2012 Jul 20, 2012

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May 2012 U.S. manufacturing technology orders were $473.92 million according to AMT - The Association For Manufacturing Technology. The report, released in mid-July, showed May up 14.5% from April and up 19.0% from $398.10 million in May 2011. The year-to-date total of $2,235.37 million is up 12.1% from the same period in 2011.

"The latest USMTO figures indicate both sound health and continued expansion in durable goods manufacturing," said AMT President Douglas K. Woods. "This is backed up by other key economic indicators, including an upward revision in housing starts and a strong showing in durable goods orders. While the latest PMI saw a slight dip, overall indications are that manufacturing will continue to lead the way in the general economy."

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