USMTO: Orders Grew in September

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.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.

“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.”



Categories: Economy/Markets

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