Jan. 19, 2012: U.S. Manufacturing Technology Demand Sees Strong Rebound in 2011
McLEAN, Va. — The resurgence of manufacturing following the economic crash of 2008 is unprecedented, according to the Association for Manufacturing Technology (AMT). The association said October’s U.S. manufacturing technology orders put the year-to-date total up 80.5 percent compared with 2010. As of October, manufacturing technology orders had already surpassed the total value accumulated in 2007.
“It’s long been recognized that analysis of manufacturing technology orders provides a reliable leading economic indicator, as it is an indicator that manufacturing firms are investing in capital equipment to increase their capacity and improve productivity. Manufacturing technology provides a foundation for all other manufacturing,” said Douglas K. Woods, president of AMT.