HVAC Breaking News / News

May 28, 2012: March Manufacturing Technology Orders Increase 11.3 Percent

McLEAN, Va. — Manufacturing technology orders in the United States for March totaled $495.97 million according to The Association For Manufacturing Technology (AMT). This total, as reported by companies participating in its United States Manufacturing Technology Orders (USMTO) program, is up 11.3 percent from February. It is down slightly, by 1.4 percent, when compared with the total of $502.89 million reported for March 2011. With a year-to-date total of $1.36 billion, 2012 is up 12.9 percent compared with 2011.

The association said these numbers are based on the totals of actual data reported by companies participating in the USMTO program.

“Manufacturing is expanding with no clear signal of a downturn in sight,” said Douglas K. Woods, AMT president. “Manufacturing added 34,000 jobs in March, capacity utilization is just shy of 80 percent, and USMTO order growth confounds experts as it climbed 12 percent over 2011 levels. However, remaining obstacles to future manufacturing investment include a lack of access to credit, global supply issues, encroaching industry regulations and taxes, and overall political uncertainty.”

AMT said 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.

Publication date: 05/28/2012

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts

ACHRNEWS

NEWS 09-22-14 cover

2014 September 22

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con