November manufacturing technology orders a mixed bag


U.S. manufacturing technology orders for products like machine tools and related equipment totaled $421.83 million in the latest report from the Association for Manufacturing Technology (AMT), down 11.0% from October and off 8.5% when compared with the $460.86 million reported for November 2011. However, when compared with a year-to-date total of $5,212.17 million, 2012 was up 4.8% over 2011.

“Orders for all of 2012 remain full steam ahead, likely on pace to pass the totals of 2011, and echoing the overall strength of manufacturing for the year,” said Douglas K. Woods, AMT president, in a press release. “While economic uncertainty remains a concern for both businesses and consumers, we anticipate a steady, albeit slower growth for manufacturing as we begin 2013.”...
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