Manufacturing Technology Orders Rose 4.9% in August

U.S. manufacturing technology orders totaled $371.97 million in August, according to AMT—The Association For Manufacturing Technology.

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U.S. manufacturing technology orders totaled $371.97 million in August, according to AMT—The Association For Manufacturing Technology. This total was up 4.9 percent from July but down 18.1 percent when compared with the $454.19 million reported for August 2012. With a year-to-date total of $3,107.16 million, 2013 is down 8.0 percent compared with 2012.

These numbers are based on actual data reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program.

“We’re finding many reasons for optimism within the manufacturing economy,” says AMT President Douglas K. Woods “In addition to the monthly gain for USMTO, the latest Purchasing Managers Index was at 56.2, its highest reading in more than two years. Because of manufacturing’s international connectivity, we also welcome the improvements seen in the global markets in Europe and Asia. These gains are expected to continue for U.S. manufacturing as we head toward 2014, but all of this hinges on avoiding a government-induced economic derailment.”

The USMTO report, 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. According to AMT, analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.

U.S. manufacturing technology orders are also reported on a regional basis for six geographic areas of the United States. Orders for the Northeast region totaled $61.46 million in August, down 18.2 percent from July’s $75.10 million. With a year-to-date total of $522.43 million, 2013 is up 6.3 percent over the same point in 2012. Manufacturing technology orders for the North Central-East stood at $95.67 million, up 16.9 percent from July’s $81.85 million but down 10.8 percent from August 2012. The $800.29 million year-to-date total is 7.4 percent less than the comparable figure for 2012.

Orders in the North Central-West region totaled $70.33 million, up 20.2 percent from July’s $58.52 million but 22.4 percent less than August 2012. At $575.06 million, this region’s 2013 year-to-date is 6.9 percent less than the same time a year earlier. South Central region orders totaled $50.05 million in August, down 15.3 percent from $59.09 million in July.

USMTO data also is available at amtonline.org.

Note: AMT’s intent is to provide timely and accurate economic reports. Due to a change in survey participants, the year-over-year comparison number for metal forming and fabricating is not an accurate reflection of the data. Therefore, the organization has adjusted the data for the previous 12 months to take this change into consideration.

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