Manufacturing Technology Consumption Rises In June
June U.S. manufacturing technology consumption totaled $135.85 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was up 22% from May but down 69.2% from the total of $440.55 million reported for June 2008. With a year-to-date total of $759.03 million, 2009 is down 70.1% compared with 2008.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“Despite the lack of government programs designed to specifically stimulate smaller manufacturers, the bottom to this business cycle may be in sight,” according to Douglas K. Woods, President of AMT. “With total manufacturing technology orders showing positive growth for the second month in a row, we are hopeful that the end is near to the worst single year decline in our industry’s history.”
The United States Manufacturing Technology Consumption (USMTC) 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.
U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States.