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USMTO Report: Manufacturing Technology Continues to Gain Strength

Manufacturing technology orders up 8.8% in 2012

Association For Manufacturing Technology AMT
Tue, 08/21/2012 - 11:58
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(AMT: McClean, VA) -- June U.S. manufacturing technology orders totaled $462.95 million, according to The Association for Manufacturing Technology (AMT). This total, as reported by companies participating in the U.S. Manufacturing Technology Orders (USMTO) program, was down 0.6 percent from May and down 1.8 percent when compared with the total of $471.49 million reported for June 2011. With a year-to-date total of $2.7 billion, 2012 is up 8.8 percent compared with 2011.

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

“Suppliers to technology builders are experiencing a backlog two to three times above normal levels, and consequently growth in manufacturing technology orders has slowed,” says Douglas K. Woods, AMT president. “A significant uptick in order activity is expected after the International Manufacturing Technology Show (IMTS ). 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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