McLean, VA – US manufacturing technology orders in March 2014 totalled $492.78 million, according to AMT – the Association for Manufacturing Technology. This total, as reported by companies participating in its USMTO program, was up 38.5% from February and up 2.9% when compared with the total of $479.04 million reported for March 2013. With a year-to-date total of $1,228.60 million, 2014 is up 0.9% compared with 2013.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the US Manufacturing Technology Order (USMTO) program.
“As we head toward IMTS 2014, we expect continued expansion through the rest of this year and likely into 2015.” said Douglas K. Woods, AMT president.
The report, compiled by the trade association representing the production and distribution of manufacturing technology, provides regional and national US orders data of domestic and imported machine tools and related equipment. AMT says the 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.