According to the Association for manufacturing Technology (AMT), U.S. manufacturing technology orders fell to $421.83 million in November, down 11% from the previous month.

However, with a year-to-date total of over $5.2 billion, 2012 is still up 4.8% compared with 2011, showing continued hope for a banner year in sales.

“Orders for all of 2012 remain full steam ahead, likely on pace to pass the totals of 2011 and echoing the overall strength of manufacturing for the year,” said Douglas K. Woods, AMT President.

“While economic uncertainty remains a concern for both businesses and consumers, we anticipate a steady, albeit slower growth for manufacturing as we begin 2013,” he said.

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.