November U.S. manufacturing technology orders totaled $437.79 million—up 0.6% from October and up 20.7% when compared with the total of $362.63 million reported for November 2012, according The Association For Manufacturing Technology.
With a year-to-date total of $4.3 billion, 2013 is down 7.7% compared with 2012.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“With a strong upswing in automotive sales, the PMI at 55 for the month of December, and manufacturing employment continuing to climb, there is no question that the industry headed to the end of 2013 on a very strong note,” said Douglas K. Woods, AMT President. “It’s also noteworthy that from 2010-2012, November had always been a downturn month for manufacturing technology orders. To see month-over-month and year-over-year increases in orders for November 2013 is yet another sign that manufacturing continues its position of economic strength.”
The United States Manufacturing Technology Orders (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. 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.