29 May '12, 1pm

March US #manufacturing technology orders up 11.3%, continues to expand with no clear signal of downturn in sight

March 2012 U.S. manufacturing technology orders were $495.97 million according to AMT - The Association For Manufacturing Technology. March orders were up 11.3% from February 2012 but down 1.4% from $502.89 million in March 2011. With a year-to-date total of $1,356.70 million, 2012 is up 12.9% from the same period in 2011. "Manufacturing is expanding with no clear signal of a downturn in sight," said Douglas K. Woods, AMT president. "Manufacturing added 34,000 jobs in March, capacity utilization is just shy of 80% and USMTO order growth confounds experts as it climbed 12% over 2011 levels. However, remaining obstacles to future manufacturing investment include a lack of access to credit, global supply issues, encroaching industry regulations and taxes, and overall political uncertainty." Northeast Region manufacturing technology orders in March 2012 were $71.80 million, up...

Full article: http://www.appliancemagazine.com/news.php?article=1585314...

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