A recent report from AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association For Manufacturing Technology, showed November U.S. manufacturing technology orders totaled $430.17 million.* This was down 6.9% from October but up 26.6% when compared with the total of $339.68 million reported for November 2010. With a year-to-date total of $4,956.51 million, 2011 is actually up 73.9% compared with 2010.
“Manufacturing technology orders slowed slightly in November but maintained their sprint toward the 2011 finish line, thanks to the bonus depreciation tax incentive,” said Peter Borden, AMTDA president. “The order slowdown in metal cutting equipment was countered by acceleration in the fabricating sector and contributed to an increase of nearly 75% over 2010."
Moving into 2012, backlogs for "are very healthy at this point and growing longer,”Borden noted.
The complete November Manufacturing Technology Orders report, which includes a regional breakdown, is available online.
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. 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.
*As reported by companies participating in the USMTO program,