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Optimism seen for US manufacturing economy

McLean, VA – August 2013 US manufacturing technology orders totalled $371.97 million. This total, as reported by companies participating in the USMTO program, was up 4.9% from July 2013 but down 18.1% when compared with the total of...


McLean, VA – August 2013 US manufacturing technology orders totalled $371.97 million. This total, as reported by companies participating in the USMTO program, was up 4.9% from July 2013 but down 18.1% when compared with the total of $454.19 million reported for August 2012. With a year-to-date total of $3,107.16 million, 2013 is down 8.0% compared with 2012.

“We’re finding many reasons for optimism within the manufacturing economy. In addition to the monthly gain for USMTO, the latest Purchasing Managers Index was at 56.2, its highest reading in more than two years,” said Douglas K. Woods, AMT president.

“Because of manufacturing’s international connectivity, we also welcome the improvements seen in the global markets in Europe and Asia. These gains are expected to continue for US manufacturing as we head toward 2014, but all of this hinges on avoiding a government-induced economic derailment.”