FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Manufacturing Technology Orders Up 66.4% in 2011

February 14, 2012, 08:00 AM
By
Topic: Manufacturing

December U.S. manufacturing technology orders totaled $519.98 million according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTO program, was up 12.2% from November and up 12.7% when compared with the total of $461.48 million reported for December 2010. With a year-to-date total of $5,508.81 million, 2011 was up 66.4% compared with 2010.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.

“USMTO finishes its strongest year in over a decade as manufacturing leads the U.S. recovery into 2012,” said Douglas K. Woods, AMT President. “Manufacturers and technology providers alike will operate from a healthy order base in 2012 providing the confidence to invest and foster innovation.”

The United States Manufacturing Technology Orders (USMTO) report, jointly compiled by the two trade associations representing the production and distribution of manufacturing technology, provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment.  Analysis of machine tool consumption provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.

U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States.

Northeast Region

At $90.76 million, December manufacturing technology orders in the Northeast Region were up 9.1% when compared with the $83.18 million total for November and up 28.0% when compared with December a year ago. The year-to-date total of $852.96 million was 40.7% more than the comparable figure for 2010.

Southern Region

December manufacturing technology orders in the Southern Region totaled $91.29 million, 68.7% more than November’s $54.11 million and 82.9% more than the December 2010 total. With a year-to-date total of $712.88 million, 2011 was up 59.0% when compared with 2010 at the same time.

Midwest Region

Midwest Region manufacturing technology orders in December stood at $178.83 million, 19.8% more than the November total of $149.30 million and up 11.1% when compared with December 2010. At $1,849.55 million, the 2011 year-to-date total was 81.6% more than the comparable figure for 2010.

Central Region

Manufacturing technology orders in the Central Region in December totaled $115.01 million, down 10.1% from November’s $127.96 million and down 6.7% when compared with the December 2010 figure. The $1,472.77 million year-to-date total was 69.6% higher than the total for the same period in 2010.

Western Region

Western Region manufacturing technology orders totaled $44.10 million in December, 10.0% less than the $49.00 million total for November and 21.7% less than the tally for December 2010. At $620.66 million, 2011 year-to-date was up 68.0% when compared with 2010 at the same time.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.