January 2013 U.S. manufacturing technology orders were $370.62 million, according to AMT - The Association For Manufacturing Technology. January orders were down 26.5% from December 2012 and down 12.2% from January 2012's $422.33 million. The report was issued in mid-March 2013.
"The drop-off between December and January is typical for technology orders, and it's important to keep in mind that orders were exceptionally strong at the end of 2012, outperforming much of the broader economy," said Douglas K. Woods, AMT President. "While the manufacturing economy continues to be strong, we may see its growth undercut by fiscal uncertainty due to the impact from sequestration."
The United States Manufacturing Technology Orders (USMTO) report is compiled by the trade association representing the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment.
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