Manufacturing Technology Orders up in May
AMT’s USMTO program reported manufacturing orders of more than $400 million in May.
According to AMT—The Association For Manufacturing Technology, U.S. manufacturing technology orders totaled $430.06 million in May. This figure from the United States Manufacturing Technology Orders (USMTO) report reflects a 13.6-percent increase from April 2013, but is 7.6 percent lower than the $465.38 million reported for May 2012. With a year-to-date total of $2,085.14 million, 2013 orders are down 6.9 percent compared with 2012.
AMT Vice President of Industry Intelligence Patrick W. McGibbon cited new technologies and supply chain shifts as contributing factors to the rise in orders from April to May. “Contract machining is also seeing growth thanks to the cost advantages of manufacturing within the U.S.,” stated Mr. McGibbon. “Meanwhile, foreign direct investment within the U.S. continues to increase, and all of these factors are contributing to new capital investment within manufacturing.”
The USMTO report is compiled monthly by AMT and measures manufacturing technology net new orders based on data collected from American distributors and manufacturing technology builders. The analysis of manufacturing technology orders serves as an economic indicator for the vitality of the United States’ industrial base.