July 6, 2011 - McLean, Va. … To more accurately reflect its content, the U.S. Manufacturing Technology Consumption (USMTC) report is being renamed as the U.S. Manufacturing Technology Orders
(USMTO) report. The report will continue to be compiled from the same data, though this change was made to clarify what the report tracks — manufacturing technology orders.
USMTO is a joint statistical program run by AMT-The Association For Manufacturing Technology and AMTDA-American Machine Tool Distributors’ Association. Its participants include manufacturers and distributors of machine tools and other types of manufacturing technology.
“It is our belief that orders are the most forward-looking way to determine the state of the
manufacturing technology market,” said Pat McGibbon, AMT Vice President-Strategic Information & Research. “There had been some confusion that USMTC actually tracked manufacturing
technology shipments, but we wanted to make clear that the report tracks orders.”
"The USMTO report has been an important way for companies to understand the state of the industry, trends, and one's company relative position to the market,” said Brian J. Papke, President, Mazak
Corporation. “Due to the changing nature of globalization, USMTO provides the most current business insight into business conditions and more accurately reflects the actual activity of manufacturers and distributors."
For more information about USMTO, visit www.usmto.com.
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The United States Manufacturing Technology Orders (USMTO) report, jointly compiled by the two trade associations representing the production and distribution of manufacturing technology, provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment. Analysis of manufacturing technology consumption provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity. (www.USMTO.com)
AMT – The Association For Manufacturing Technology
Founded in 1902 as the National Machine Tool Builders' Association, AMT supports and promotes the U.S. manufacturing technology industry. The association provides U.S. builders of manufacturing systems with the latest information on technical developments, trade and marketing opportunities, and economic issues. It also gathers and disseminates information about world markets, promotes its members' products in those markets, and acts as a representative on manufacturing technology matters to governments and trade organizations throughout the world. (www.AMTonline.org)
AMTDA-American Machine Tool Distributors’ Association
Founded in 1925, the American Machine Tool Distributors' Association (AMTDA) is a trade association dedicated to advancing the sales and marketing of machine tools in the United States through the distribution channel. The 250 machine tool
Distributor member companies and 150 Builder and Marketing Associate members represent the latest in manufacturing
technology and machine tools in the North American marketplace. (www.amtda.org)