Posted By Paul Burgo, July 17, 2011 at 2:07 PM, in Category: The Adaptive Organization
Despite a slight slowdown in May this year, U.S. manufacturing technology orders for 2011 are already up by a substantial 108% over 2010, according to the American Machine Tool Distributors' Association (AMTDA), and The Association For Manufacturing Technology (AMT).
Their latest results indicate U.S. manufacturing technology orders in May totalled $388.27 million. That is down 2.6% from April, but up 121.3% compared to May 2010. Year-to-date, those orders total $1,984.87 million, putting 2011 up by 108.0% over last year.
"The May order numbers confirm our members' reports of continued strong project levels by manufacturing companies to improve productivity in their factories," said Peter Borden, AMTDA President.
The figures, which cover spend on 175 machine tool categories, reflect a strong resurgence in investment in capital equipment to help manufacturers expand capacity and boost productivity as they emerge from the recession and focus more on growth and efficiency.
Have your manufacturing technology investments increased significantly in the last year?
How do you aim to benefit most from deploying this new equipment in the year ahead?
Written by Paul Burgo