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May Manufacturing Technology Orders Up 12.1%

Figures indicate both sound health and continued expansion in durable goods manufacturing

Association For Manufacturing Technology AMT
Tue, 07/10/2012 - 11:11
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(AMT: McLean, VA) -- May U.S. manufacturing technology orders (USMTO) totaled $473.92 million according to AMT—The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 14.5 percent from April and up 19.0 percent when compared with the total of $398.10 million reported for May 2011. With a year-to-date total of more than $2.2 billion, 2012 is up 12.1 percent compared with 2011.

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

“The latest USMTO figures indicate both sound health and continued expansion in durable goods manufacturing,” says AMT president Douglas K. Woods. “This is backed up by other key economic indicators, including an upward revision in housing starts and a strong showing in durable goods orders. While the latest PMI saw a slight dip, overall indications are that manufacturing will continue to lead the way in the general economy.”

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