Posted October 10, 2011
August technology orders up vs. last year
August U.S. manufacturing technology orders totaled $460.61 million, up 88.5% compared with $244.35 million reported for August 2010.
However, the August figures were down 9.4% compared to July, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association. With a year-to-date total of $3,439.21 million, 2011 is up 101.0% compared with 2010.
"Despite news reports that wider economic growth may be stagnating, the manufacturing technology industry is sustaining its momentum," said Douglas Woods, AMT president. "With orders still up substantially over last year, there is clearly optimism within the industry as firms are seeing future growth opportunities that merit new capital investment."
U.S. manufacturing technology orders are also reported on a regional basis for five geographic breakdowns of the United States.
Northeast Region
Northeast Region manufacturing technology orders totaled $64.32 million in August, 9.5% more than the $58.72 million total for July and 64.4% higher than the total for August 2010. At $500.03 million, 2011 year-to-date is up 64.0% when compared with last year at the same time.
Southern Region
At $58.18 million, August manufacturing technology orders in the Southern Region were down 23.0% when compared with the $75.55 million total for July but up 90.1% when compared with August a year ago. The year-to-date total of $440.45 million is 81.1% more than the comparable figure for 2010.
Midwest Region
August manufacturing technology orders in the Midwest Region totaled $144.68 million, 9.3% less than July's $159.53 million but up 77.4% when compared with the August 2010 figure. With a year-to-date total of $1,162.38 million, 2011 is up 128.9% when compared with 2010 at the same time.
Central Region
Central Region manufacturing technology orders in August stood at $140.07 million, 30.5% more than the July total of $107.34 million and 115.5% higher when compared with last August. At $928.03 million, the 2011 year-to-date total is 105.6% more than the comparable figure for 2010.
Western Region
Manufacturing technology orders in the Western Region in August totaled $53.35 million, down 50.2% from July's $107.13 million but up 90.1% when compared with the August 2010 figure. The $408.31 million year-to-date tally is 100.6% higher than the total for the same period in 2010.
