AMT’s US manufacturing technology orders report
Attached is the latest US Manufacturing Technology Orders report from AMT – The Association For Manufacturing Technology.
November U.S. manufacturing technology orders totaled $437.79 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 0.6% from October and up 20.7% when compared with the total of $362.63 million reported for November 2012. With a year-to-date total of $4,399.22 million, 2013 is down 7.7% compared with 2012.
“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.”
PLEASE NOTE: AMT – The Association For Manufacturing Technology’s intent is to always provide timely and accurate economic reports to our community. For this reason, in October we began making an adjustment to the USMTO report. Due to a change in survey participants the year over year comparison number for Metal Forming and Fabricating is not an accurate reflection of the data. We have adjusted the data for the past 12 months to take this change into consideration. The new chart reflects a consistent year over year comparison of the data at the current participation level.
Both Patrick McGibbon and AMT President Douglas Woods is available for further comment on USMTO and its importance as a leading economic indicator.
Please see below for FAQs on the USMTO Report.
If you would prefer to download the release (and view the companion charts), it is available at www.amtonline.org. A jpg graph showing historical trends is also available upon request.
