Home » Manufacturing Technology Orders Up 74% From 2010
Manufacturing Technology Orders Up 74% From 2010
Though orders have fallen almost 28% from the year’s high in September, November U.S. manufacturing technology orders of more than $430 million are up almost 27% compared with November 2010, according to the American Machine Tool Distributors’ Assn. (AMTDA) and the Assn. for Manufacturing Technology (AMT). Year-to-date orders total close to $5 billion, up about 74% over the same period in 2010.
The numbers are based on data reported by companies participating in the U.S. Manufacturing Technology Orders (USMTO) program. Metal cutting machine orders, which totaled about $372 million, have fallen more than 13% since October, and more than 31% since September. Orders for metal forming and fabricating machines actually rose in November, however, to almost $58 million. That’s up 72% from October. That sector hit its high in July with nearly $105 million in orders.
“Manufacturing technology orders slowed slightly in November, but maintained their sprint toward the 2011 finish line thanks to the bonus depreciation tax incentive,” said Peter Borden, AMTDA’s president. “The order slowdown in metal cutting equipment was countered by acceleration in the fabricating sector and contributed to an increase over 2010 of nearly 75%. Backlogs for 2012 are very healthy at this point and growing longer.”
Reporting regionally, the USMTO showed that all U.S. regions fell in November orders, with the Western region hit the hardest with a 14.6% drop from October. But the region is up 34.3% from November 2010. The Northeast region fell the least in November, down just 1.8% from October, but also down by nearly the same amount from November a year ago.
Winners of AmeriStar 2013 Package Awards Competition
IoPP Announces Top Competitors in Package Innovation, Sustainability, Protection, Economics, Performance and Marketing
Igus Wins Two Awards at iF Product Design Competition
Triflex R TRLF Cable Carrier Designed for Three-Axis Movement for Robotic Applications
Engineering Graduates Make Top 10 Highest Starting Salaries List
NACE Reports Engineers Took Seven of the Top 10 Spots in April Survey
Major Tool & Machine Purchases Large-Part Machining Systems From MAG
New U5 Machine Will Initially Replace Production Capacity During the Rebuild of Massive DSI Gantry Mill/Turn Machine
ODVA Forms SIG for Machinery Information
Developing Standards for the Exchange of Information Between Machines, and Between Machines and Supervisory Systems
Digital Manufacturing Market Poised for Global Growth
Frost & Sullivan Analysis Finds Market Earned Revenues of $704 Million in 2012 and Is Estimated to Reach $928 Million in 2016
Strong Growth Forecast for Direct Drives
IMS Research/IHS Report Shows Global Market Is Predicted to Be Worth Nearly $300 Million in 2016
How SEL Control System Reduces Power Outage Durations
DAC System Isolates a Faulted Circuit, Remotely Closed Breakers and Restored Power to Unfaulted Portions of a Network for Chattanooga's Electric Power Board
Wind Generators Prove Bigger Is Always Better
IMS Research Report Shows Average Power Rating Expected to Rise to Nearly 2.4 Megawatts by 2017
Siemens Believes in the Manufacturing Renaissance
CEO Helmut Ludwig Discusses What He Feels the Strongest Takeaways From the "America's New Manufacturing" Conference Are
- All news »
Access the entire print issue on-line and be notified each month via e-mail when your new issue is ready for you. Subscribe today.
- Featured White Papers