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


U.S. Machine Makers Outperform in September; Outlook Improving

November 11, 2011, 07:00 AM
Filed Under: Equipment News

Bloomberg reported that American manufacturers booked the most new orders for machinery equipment in September since July 2008 with $32.6 billion in new orders, according to data released by the Census Bureau. 

There’s “no evidence” of a collapse in North American manufacturing as shipments still are growing, said Ann Duignan, a New York-based analyst at JPMorgan Chase & Co. The total for September was $31.1 billion worth of machinery equipment, up 13% from a year ago, Census Bureau data show.

The report also indicates Parker Hannifin Corp., based in Cleveland, increased its fiscal 2012 outlook for industrial North American-segment revenue growth to about 8.3% from about 6.2%, as orders “re-accelerated” during the period ended Sept. 30.


Comments From Our Members

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