Manufacturing Technology Orders Up 8.8% in 2012 Aug 23, 2012

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June 2012 U.S. manufacturing technology orders were $462.95 million, down 0.6% from May 2012 and down 1.8% from $471.49 million in June 2011, according to AMT - The Association for Manufacturing Technology.

Manufacturing technology orders for the first half of 2012 were $2,682.37 million, up 8.8% compared to the first half of 2011.

"Suppliers to technology builders are experiencing a backlog two to three times above normal levels, and consequently growth in manufacturing technology orders has slowed. A significant uptick in order activity is expected after IMTS (the International Manufacturing Technology Show)," said Douglas K. Woods, AMT President. "Along with monthly gains in industrial production, manufacturing payrolls also saw gains for the second consecutive month -- an indicator that companies are both confident and optimistic that demand will increase."

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