This total, as reported by companies participating in the United States Manufacturing Technology Orders (USMTO) program, was up 15.3 percent from May and up 91.7 percent when compared with the total of $239.68 million reported for June 2010. With a year-to-date total of $2,453.78 million, 2011 is up 103.9 percent compared with 2010.
“At this pace, the industry would post orders equal to all of 2010 by the end of August,” said Douglas K. Woods, president of AMT, in a prepared statement. “Still, industry leaders view the rest of 2011 with cautious optimism given the weakness in parts of the economy illustrated by the Dow’s plunge at the beginning of August. We expect a bump in orders related to customers taking advantage of the current Bonus Depreciation rate before it is reduced in 2012.”
U.S. manufacturing technology orders are also reported on a regional basis for five geographic breakdowns of the United States.
At $61.82 million, June manufacturing technology orders in the Northeast Region were down 2.9 percent when compared with the $63.68 million total for May, but up 18.3 percent when compared with June a year ago. The year-to-date total of $367.33 million is 72.1 percent more than the comparable figure for 2010.
June manufacturing technology orders in the Southern Region totaled $65.77 million, 18.5 percent more than May’s $55.49 million and 94.2 percent more than the June 2010 total. With a year-to-date total of $306.30 million, 2011 is up 64.0 percent when compared with 2010 at the same time.
Midwest Region manufacturing technology orders in June stood at $155.39 million, 5.5 percent more than the May total of $147.24 million and up 114.0 percent when compared with last June. At $855.13 million, the 2011 year-to-date total is 157.1 percent more than the comparable figure for 2010.
Manufacturing technology orders in the Central Region in June totaled $124.86 million, up 30.8 percent from May’s $95.48 million and up 126.7 percent when compared with the June 2010 figure. The $677.66 million year-to-date total is 108.2 percent higher than the total for the same period in 2010.
Western Region manufacturing technology orders totaled $51.55 million in June, 40.7 percent more than the $36.64 million total for May and 99.2 percent higher than the tally for June 2010. At $247.35 million, 2011 year-to-date is up 70.5 percent when compared with last year at the same time.?