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