FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


September Manufacturing Technology Orders Second Highest in 15 Years

November 18, 2011, 07:30 AM
Filed Under: Manufacturing

According to an article published by Econoplay for the American Machine Tool Distributors’ Association, October orders for manufacturing technology retreated from strong September levels.  September registered the second highest monthly order totals (in dollars) in fifteen years. The article projects that large backlog levels promise strong activity into the second quarter of 2012.

The Econoplay report states the strong order results registered in September were driven by tax breaks on capital expenditures and price increases announced in early October.  The report also indicates orders are anticipated to remain strong throughout the fourth quarter of 2011.

End-of-year bonus depreciation participation was attributed for a portion of the growth in September orders.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.