May U.S. manufacturing technology orders totaled $473.92 million according to AMT - The Association For Manufacturing Technology.
This total, as reported by companies participating in the USMTO program, was up 14.5% from April and up 19.0% when compared with the total of $398.10 million reported for May 2011. With a year-to-date total of $2,235.37 million, 2012 is up 12.1% 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.
“The latest USMTO figures indicate both sound health and continued expansion in durable goods manufacturing,” said AMT President Douglas K. Woods. “This is backed up by other key economic indicators, including an upward revision in housing starts and a strong showing in durable goods orders. While the latest PMI saw a slight dip, overall indications are that manufacturing will continue to lead the way in the general economy.”
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.