Year-to-Date Orders Show Impressive Gains

Source: ControlDesign.com

Jun 18, 2012

March U.S. manufacturing technology orders totaled almost $496 million, according to the latest U.S. Manufacturing Technology Orders (USMTO) report from the Assn. for Manufacturing Technology (AMT). This is down slightly from the almost $503 million in orders in March 2011, but up more than 11% from February, the association reported.

The year-to-date total for manufacturing technology orders reach more than $1.35 billion in March, putting 2012 up almost 13% over 2011. "Manufacturing is expanding with no clear signal of a downturn in sight," said Douglas Woods, AMT's president. "Manufacturing added 34,000 jobs in March, capacity utilization is just shy of 80%, and USMTO order growth confounds experts as it climbed 12% over 2011 levels."

A closer look at the various regions around the U.S., shows  that only the Midwest's orders fell from February, by more than 8% to $152 million. The region is also down close to 20% compared with March 2011. Nonetheless, year-to-date orders there are up almost 12%, comparable to the national rise.

The Midwest accounts for more than 30% of the nation's orders, but is offset by the Central region, which also accounts for just over 30% of the total. There, March orders of $149 million were up close to 14% over February and almost 18% compared with March 2011.

The South fared the best in March, with its $71 million in orders representing a 34% increase over February and a 16% increase over March 2011. The region's year-to-date total of $167 million also showed a close to 12% gain over 2011.

Obstacles remain, however, for future manufacturing investment in the U.S., Woods said, including a lack of access to credit, global supply issues, encroaching industry regulations and taxes, and overall political uncertainty.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments