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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