The Association For Manufacturing Technology recently released their September report on US manufacturing technologies, reflecting both a growth from the previous month and also from September of last year.
September U.S. manufacturing technology orders totaled $667.47 million according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 40.7% from August and up 13.4% when compared with the total of $588.80 million reported for September 2011. With a year-to-date total of $4,282.11 million, 2012 is up 5.6% compared with 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.
“In the 17 years that this data has been collected, there is only one other month that broke $600 million. Both of those were in months that reflected sales from IMTS, showing its strength as the largest manufacturing event in the Americas,” said Douglas K. Woods, AMT President. “It’s possible we could average $450 million a month for all of 2012 — the largest year ever for this program. This speaks to tremendous strength in the manufacturing industry, and is proof that IMTS 2012 was the strongest show seen in years.”
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.
Read the full report here at AMTonline. Was September a particularly good month for your business? Are you also noticing strong growth?