In July 2011, US machine tool orders increased by 92.7% year-on-year

The American Association of Manufacturing Technology (AMT) and the American Machine Tool Distributors Association (AMTDA) have released the latest statistics on US metalworking machine tool orders. In July 2011, US metalworking machine tool orders were 2,053 units, a 5.6% decrease from the previous month's 2,175 units, but a 41.6% increase from July 2010's 1,450 units. In July, US metalworking machine tool orders were $507 million, up 7.3 percent from $473 million in the previous month and up 92.7 percent from $263 million in July 2010. From January to July 2011, the cumulative order value of metal processing machine tools in the United States was 2.975 billion US dollars, a substantial increase of 102.9% compared with 1.466 billion US dollars in the same period in 2010. In terms of product categories, in July, orders for metal cutting machine tools and metal forming machine tools in the United States were 1,883 and 170, respectively. In July, orders for metal cutting machine tools were US$402 million, a slight decrease of 1.8% from US$410 million in the previous month, but an increase of 60.3% from US$251 million in July 2010; orders for metal forming and manufacturing machine tools were $105 million, an increase of 66.8% from $32.72 million in the previous month, and a jump of 758.8% from $12.18 million in July 2010. From January to July 2011, the order value of metal cutting machine tools in the United States was 2.647 billion US dollars, a year-on-year increase of 94.3%; the order value of metal forming and manufacturing machine tools was 328 million US dollars, a year-on-year increase of 214.8%. According to AMTDA chairman PeterBorden predicts that according to the current production pace, sales of machine tools in the United States in 2011 will exceed previous expectations. '