Manufacturing Technology Orders Up 91.9% in 2011
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,” says Peter Borden, AMTDA president. “American manufacturers are still rushing to beat the end-of-year bonus depreciation deadline.”
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.
U.S. manufacturing technology orders is also reported on a regional basis for five geographic breakdowns of the United States:
Northeast. At $112.75 million, September manufacturing technology orders in the Northeast Region were up 74.6% when compared with the $64.56 million total for August and up 71.9% when compared with September a year ago. The year-to-date total of $612.93 million is 65.0% more than the comparable figure for 2010.
Southern. September manufacturing technology orders in the Southern Region totaled $78.04 million, 34.5% more than August’s $58.03 million and 16.1% more than the September 2010 total. With a year-to-date total of $513.08 million, 2011 is up 63.2% when compared with 2010 at the same time.
Midwest. Midwest Region manufacturing technology orders in September stood at $175.88 million, 3.7% less than the August total of $182.55 million but up 48.9% when compared with last September. At $1,376.97 million, the 2011 year-to-date total is 119.6% more than the comparable figure for 2010.
Central. Manufacturing technology orders in the Central Region in September totaled $170.82 million, up 22.4% from August’s $139.55 million and up 48.1% when compared with the September 2010 figure. The $1,098.33 million year-to-date total is 92.0% higher than the total for the same period in 2010.
Western. Western Region manufacturing technology orders totaled $69.07 million in September, 41.9% more than the $48.66 million total for August and up 109.1% higher than the tally for September 2010. At $472.69 million, 2011 year-to-date is up 98.0% when compared with last year at the same time.