May YTD Machine Tool Orders Show Continued Expansion
Published July 11, 2012
Categories: Machine Tools
May U.S. manufacturing technology orders totaled $473.92 million according to The Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the USMTO program, was up 14.5% from April and up 19.0% when compared with the total of $398.10 million reported for May 2011. With a year-to-date total of $2,235.37 million, 2012 is up 12.1% compared with 2011.
“The latest USMTO figures indicate both sound health and continued expansion in durable goods manufacturing,” said AMT president Douglas K. Woods. “This is backed up by other key economic indicators, including an upward revision in housing starts and a strong showing in durable goods orders. While the latest PMI saw a slight dip, overall indications are that manufacturing will continue to lead the way in the general economy.”
U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States.
Manufacturing technology orders in the Northeast Region in May totaled $63.68 million, down 6.0% from April’s $67.72 million and down 0.6% when compared with the May 2011 figure. At $313.37 million, 2012 year-to-date is up 2.4% when compared with 2011 at the same time.
Southern Region manufacturing technology orders totaled $77.67 million in May, a 60.3% increase from the $48.44 million total for April and 40.0% more than the total for May 2011. The year-to-date total of $293.28 million is 14.3% more than the comparable figure for 2011.
At $153.17 million, May manufacturing technology orders in the Midwest Region were up 19.8% when compared with the $127.87 million total for April and up 4.9% when compared with May a year ago. With a year-to-date total of $738.08 million, 2012 is up 7.9% when compared with 2011 at the same time.
May manufacturing technology orders in the Central Region totaled $134.85 million, 2.3% more than April’s $131.76 million and up 40.7% when compared with the May 2011 figure. At $675.93 million, the 2012 year-to-date total was 22.7% more than the comparable figure for 2011.
Western Region manufacturing technology orders in May stood at $44.54 million, 17.0% more than the April total of $38.07 million and 21.6% higher than the figure for May 2011. The $214.70 million year-to-date total was 9.4% above the total for the same period in 2011.