In June of this year, manufacturing technology orders in the United States totaled more than $450 Million. This is up from $240 Million in June of 2010. So far in 2011, the central region of the US has seen the greatest jump with over 108% growth compared to the same period in 2010. The area with the lowest increase was the Southern region and it still reported 64% growth. These numbers indicate the willingness that companies have to invest in new equipment and the overall industry.
Even though manufacturing was up considerably in the first half of this year, as we near the last quarter, the outlook is more cautious than ever. The market was extremely turbulent in August causing some companies to be more conservative in their spending. In addition to the volatile market, the end of 2011 also brings a sharp decrease in the Bonus Depreciation rate. So while the remainder of 2011 has some stability and a positive outlook, we will have to wait and see what 2012 brings.