September Manufacturing Numbers Second Highest in 15 Years
September U.S. manufacturing technology orders totaled $606.56 million according to the American Machine Tool Distributors’ Association (AMTDA) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program, was up 22.9 percent from August and up 51.9 percent when compared with the total of $399.32 million reported for September 2010. With a year-to-date total of $4,074.00 million, 2011 is up 91.9 percent 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. “September numbers were the second highest monthly dollar total in the last 15 years!” said Peter Borden, AMTDA president. “American manufacturers are still rushing to beat the end-of-year bonus depreciation deadline.” The USMTO report, jointly compiled by the two trade associations 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. 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. For the full report, visit the website below.