December's U.S. manufacturing orders were up 12.2% over November's, meaning that 2011 finished with a bang. U.S. manufacturing orders totaling $5.508 billion, up 66.4% compared with 2010, according to the Assn. for Manufacturing Technology (AMT) and the American Machine Tool Distributors' Assn. (AMTDA).
Douglas K. Woods, the AMT's President, said, "U.S. Manufacturing Technology Orders finished its strongest year in over a decade as manufacturing leads the U.S. recovery into 2012. Manufacturers and technology providers alike will operate from a healthy order base in 2012 providing the confidence to invest and foster innovation."
The United States Manufacturing Technology Orders (USMTO) report, jointly compiled by the two trade associations representing the production and distribution of manufacturing technology, provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment. Analysis of machine tool consumption provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity....