Manufacturing & The Economy
- Published on Tuesday, 14 May 2013 13:17
- Written by Chris Guy
March U.S. manufacturing technology orders totaled $507.91 million according to The Association for Manufacturing Technology (AMT). This total, as reported by companies participating in the USMTO program, was up 30.4% from February and up 3.2% when compared with the total of $491.96 million reported for March 2012. With a year-to-date total of $1,278.05 million, 2013 is down 5.0% compared with 2012.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.
“When making a year-over-year comparison with these figures, it’s important to take into account just how strong 2012 was for our industry. Our members are doing much better than analysts projected in January,” said Douglas K. Woods, AMT President. “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.”