November Manufacturing Technology Orders Up from October
Jan 16, 2014
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November U.S. manufacturing technology orders were $437.79 million, according to AMT - The Association For Manufacturing Technology. November's total was up 0.6% from October 2013 and up 20.7% from the $362.63 million total for November 2012. The year-to-date total of $4,399.22 million puts 2013 down 7.7% from the first 11 months of 2012.

“With a strong upswing in automotive sales, the PMI at 55 for the month of December, and manufacturing employment continuing to climb, there is no question that the industry headed to the end of 2013 on a very strong note,” said Douglas K. Woods, AMT President. “It’s also noteworthy that from 2010-2012, November had always been a downturn month for manufacturing technology orders. To see month-over-month and year-over-year increases in orders for November 2013 is yet another sign that manufacturing continues its position of economic strength.”

The United States Manufacturing Technology Orders (USMTO) report provides U.S. orders data of domestic and imported machine tools and related equipment, which provides an indicator of manufacturing industries investment in capital metalworking equipment to increase capacity and improve productivity.

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