The news is out and it’s good for manufacturing technology as March orders totaled $507.91 million, according to the Association for Manufacturing Technology, in their latest survey of companies participating in the USMTO (United States Manufacturing Technology Orders) program. That was up 30.4% from February and up 3.2% over March 2012.
While the year-to-date orders for machine tools and other manufacturing technology equipment was down 5% compared to the same period in 2012, Douglas K. Woods, AMT president, noted that 2012 was an extremely strong year for manufacturing technology. “Our members are doing much better than analysts projected in January,” Woods said. “With vehicle sales and housing starts on the upswing, we can anticipate that gains in the consumer economy will also mean buoyancy for the industrial economy, and manufacturing will remain steady for the foreseeable future.”
Orders for the six geographic regions were up as well, with the Western Region topping the charts with March’s manufacturing technology orders totaling $82.36 million, up 54.2% from February’s total of $53.41 million. The Northeast Region saw manufacturing orders totaling $71.99 million, up 31.8% over February’s....