In its most recent report on U.S. machine tool orders, the Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors Association (AMTDA) said year-to-date through June manufacturing technology consumption totaled $2.5 billion, up 103.9% compared with 2010.

“At this pace, the industry would post orders equal to all of 2010 by the end of August. Still, industry leaders view the rest of 2011 with cautious optimism given the weakness in parts of the economy… We expect a bump in orders related to customers taking advantage of the current bonus depreciation rate before it is reduced in 2012.”
— Douglas K. Woods, President, AMT.