May U.S. manufacturing technology orders totaled $473.92 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 14.5% from April and up 19.0% when compared with the total of $398.10 million reported for May 2011. With a year-to-date total of $2,235.37 million, 2012 is up 12.1% compared with 2011.
The United States Manufacturing Technology Orders (USMTO) report, compiled by the trade association representing the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. 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.