Manufacturing & The Economy
October U.S. manufacturing technology orders totaled $435.02 million according to The Association for Manufacturing Technology (AMT). This total, as reported by companies participating in the U.S. Manufacturing Technology Orders (USMTO) program, was up 10.2% from September but down 3.2% when compared with the total of $449.44 million reported for October 2012. With a year-to-date total of $3,938.69 million, 2013 is down 10.6% compared with 2012.
“October’s order growth, combined with the latest PMI reading, is added reinforcement that manufacturing is continuing on its positive trend,” said AMT president Douglas K. Woods. “We expect more good news headed into 2014, especially as domestic energy costs continue to drop and as key industry segments show solid growth, particularly automotive.”