September U.S. manufacturing technology orders totaled $397.57 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 5.8% from August but down 31.1% when compared with the total of $577.17 million reported for September 2012. With a year-to-date total of $3,507.71 million, 2013 is down 11.3% compared with 2012.
“The monthly gain in USMTO indicates that manufacturers are making capital investments, and we expect these gains will grow in 2014. The year-over-year decline was anticipated due to the typical high volume during an IMTS year, which we saw in September 2012,” said Douglas K. Woods, President, AMT – The Association For Manufacturing Technology. “A recent uptick in factory orders shows strong activity in a number of industries, particularly aerospace, which is forecast to grow more than 10% in the coming year. We also expect growth in automotive and energy, good news for manufacturing overall.”