U.S. Manufacturing Technology Orders Up 73.9% YTD in November - Modern Distribution Management

Log In

U.S. Manufacturing Technology Orders Up 73.9% YTD in November

Orders were down 6.9 percent from October but up from November 2010.
Author
Date

November U.S. manufacturing technology orders were $430.17 million according to the American Machine Tool Distributors’ Association and the Association for Manufacturing Technology.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

This total, as reported by companies participating in the USMTO program, was down 6.9 percent from October but up 26.6 percent when compared with the total of $339.68 million reported for November 2010. With a year-to-date total of $4,956.51 million, 2011 is up 73.9 percent compared with 2010.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program.

“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 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 percent. Backlogs for 2012 are very healthy at this point and growing longer.”

The U.S. Manufacturing Technology Orders (USMTO) report, jointly compiled by the two trade associations 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. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.

U.S. manufacturing technology orders are also reported on a regional basis for five geographic breakdowns of the U.S.

Northeast Region
At $64.88 million, November manufacturing technology orders in the Northeast Region were down 1.8 percent when compared with the $66.09 million total for October and down 1.4 percent when compared with November a year ago. The year-to-date total of $743.95 million is 38.9 percent more than the comparable figure for 2010.

Southern Region
November manufacturing technology orders in the Southern Region totaled $51.77 million, 4.0 percent less than October’s $53.91 million but 17.3 percent more than the November 2010 total. With a year-to-date total of $619.34 million, 2011 is up 55.5 percent when compared with 2010 at the same time.

Midwest Region
Midwest Region manufacturing technology orders in November stood at $141.29 million, 5.0 percent less than the October total of $148.77 million but up 22.1 percent when compared with last November. At $1,663.63 million, the 2011 year-to-date total is 94.0 percent more than the comparable figure for 2010.

Central Region
Manufacturing technology orders in the Central Region in November totaled $125.10 million, down 9.6 percent from October’s $138.31 million but up 56.4 percent when compared with the November 2010 figure. The $1,354.89 million year-to-date total is 81.9 percent higher than the total for the same period in 2010.

Western Region
Western Region manufacturing technology orders totaled $47.14 million in November, 14.6 percent less than the $55.17 million total for October but 34.3 percent higher than the tally for November 2010. At $574.70 million, 2011 year-to-date is up 83.5 percent when compared with last year at the same time.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.