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December U.S. manufacturing technology orders totaled $491.9 million, according to the Association for Manufacturing Technology. This total was up 9.9 percent from November and up 11.8 percent when compared with December 2012. With a year-end total of $4.9 billion, 2013 was down 5.1 percent compared with 2012.
“With a strong finish to 2013 for manufacturing technology orders, plus strong reports for durable goods, capacity utilization, and PMI, there is plenty of favorable momentum for the industry going into 2014,” said Douglas K. Woods, AMT President. “The average age of corporate fixed assets is at almost 22 years, and interest rates are historically low. This one-two punch is creating a ripe atmosphere for investment in capital equipment, which we anticipate will translate into more great news for manufacturing growth.”
The USMTO report, compiled by the trade association representing the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment.
December orders in the Northeast Region totaled $65.5 million, down 2.5 percent when compared with December 2012. With a year-end total of $808.8 million, 2013 was up 4.7 percent when compared with 2012.
December orders in the Southeast Region totaled $45.5 million, down 20.7 percent from the December 2012 total. Year-end orders stood at $452.2 million, down 16.7 percent when compared with 2012.
North Central-East Region
December orders in the North Central-East Region totaled $138.82 million, up 37.8 percent when compared with December 2012. At $1.3 billion, the 2013 year-end total was 3 percent less than the comparable figure for 2012.
North Central-West Region
With a year-end total of $924.3 million, 2013 North Central-West Region manufacturing technology orders were down 10.1 percent when compared with 2012.
South Central Region
The South Central Region manufacturing technology orders 2013 year-end total of $749.1 million was down 13.2 percent from the year-end total for 2012.
December orders in the West Region in 2013 totaled $718.4 million, 6.6 percent higher than the 2012 year-end total.
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