Machine tool orders up 5% in August

Our friends over at IndustryWeek have a report showing machine tool orders up 5% in August, a good sign for continuing strength in the industrial market, though the variability of the indicator shows orders substantially behind 2012 numbers.

U.S. machine shops and other manufacturers ordered new equipment and related technologies worth $371.97 million during August, an increase of nearly 5% over the July total, yet falling well short of the year-ago result. In August 2012, new orders totaled $454.19 million, meaning the latest month is 18.1% off the pace.

Machine Tool Orders Rose 5% in August