December manufacturing technology orders up
December U.S. manufacturing technology orders totaled $519.98 million, up 12.2% from November.
According to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association, the total was12.7% higher than December 2010. With a year-to-date total of $5.5 billion, 2011 was up 66.4% compared with 2010.
“USMTO finished its strongest year in more than a decade as manufacturing led the U.S. recovery into 2012,” said AMT president Douglas K. Woods. “The 67 percent increase is nearly 20 points higher than forecasters predicted, which is great news in terms of reducing the foreign trade deficit. Manufactured 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.”
U.S. manufacturing technology orders are also reported on a regional basis for five geographic breakdowns of the United States.
Northeast Region
At $90.76 million, December manufacturing technology orders in the Northeast Region were up 9.1% when compared with the $83.18 million total for November and up 28.0% when compared with December a year ago. The year-to-date total of $852.96 million was 40.7% more than the comparable figure for 2010.
Southern Region
December manufacturing technology orders in the Southern Region totaled $91.29 million, 68.7% more than November’s $54.11 million and 82.9% more than the December 2010 total. With a year-to-date total of $712.88 million, 2011 was up 59.0% when compared with 2010 at the same time.
Midwest Region
Midwest Region manufacturing technology orders in December stood at $178.83 million, 19.8% more than the November total of $149.30 million and up 11.1% when compared with December 2010. At $1,849.55 million, the 2011 year-to-date total was 81.6% more than the comparable figure for 2010.
Central Region
Manufacturing technology orders in the Central Region in December totaled $115.01 million, down 10.1% from November’s $127.96 million and down 6.7% when compared with the December 2010 figure. The $1,472.77 million year-to-date total was 69.6% higher than the total for the same period in 2010.
Western Region
Western Region manufacturing technology orders totaled $44.10 million in December, 10.0% less than the $49.00 million total for November and 21.7% less than the tally for December 2010. At $620.66 million, 2011 year-to-date was up 68.0% when compared with 2010 at the same time.
INDUSTRIAL SUPPLY MAGAZINE
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