Manufacturing technology orders rose 66.4 percent in 2011, marking the sector’s strongest year in more than a decade, according to AMT – The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. “The increase is nearly 20 points higher than forecasters predicted, which is great news in terms of reducing the foreign trade deficit,” says Douglas K. Woods, AMT president. “Manufacturing goods represent more than 65 percent of trade, so the rise of U.S. manufactured products will help reduce our reliance on imports and support growth in exports.”
The year-to-date total for 2011 manufacturing technology orders was $5,508.81 million. In December, orders totaled $519.98 million, an increase of 12.2 percent from November and 12.7 percent compared with December 2010’s total of $461.48 million.
All figures are from The United States Manufacturing Technology Orders (USMTO) report, which is jointly compiled by the two trade associations that represent the production and distribution of manufacturing technology.