U.S. manufacturing technology orders totaled $463.32 million according to AMT-The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association.
This total was down 22.4% from September but up 20.3% when compared with the total of $385.21 million reported for October 2010. With a year-to-date total of $4,529.11 million, 2011 is up 80.5% compared with 2010.
"Manufacturing technology orders through October have already surpassed the total value accumulated in 2007," said AMT president Douglas Woods. "The beginning of 2012 will be a little slow as tax incentives pulled some orders back 40.6% more than the October 2010 total. With a year-to-date total of $568.93 million, 2011 is up 60.7% when compared with 2010 at the same time.
At $64.11 million, October manufacturing technology orders in the Northeast Region were down 43.0% when compared with the $112.41 million total for September and down 34.1% when compared with October a year ago. The year-to-date total of $677.09 million is 44.5% more than the comparable figure for 2010.
October manufacturing technology orders in the Southern Region totaled $55.87 million, 28.4% less than Septembers $78.04 million but 40.6% more than the October 2010 total. With a year-to-date total of $568.93 million, 2011 is up 60.7% when compared with 2010 at the same time.
Midwest Region manufacturing technology orders in October stood at $149.95 million, 13.0% less than the September total of $172.26 million but up 30.5% when compared with last October. At $1,523.76 million, the 2011 year-to-date total is 105.4% more than the comparable figure for 2010.
Manufacturing technology orders in the Central Region in October totaled $138.74 million, down 16.4% from Septembers $165.98 million but up 49.3% when compared with the October 2010 figure. The $1,232.28 million year-to-date total is 85.3% higher than the total for the same period in 2010.
Western Region manufacturing technology orders totaled $54.65 million in October, 19.9% less than the $68.25 million total for September but 35.3% higher than the tally for October 2010. At $527.05 million, 2011 year-to-date is up 88.8% when compared with last year at the same time.