Manufacturing Technology Consumption is up 50.6% year-to-date.
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Press Release Summary:
According to AMT and AMTDA (American Machine Tool Distributors' Association), US manufacturing technology consumption totaled $222.36 million in April. This total, as reported by companies participating in USMTC program, was down 15.6% from March but up 102.7% from total reported for April 2009. With year-to-date total of $783.03 million, 2010 is also up (50.6%) compared with 2009. Analysis of manufacturing technology consumption provides economic indicator.
Original Press Release:
Manufacturing Technology Consumption Up 50.6% Year-to-Date
April U.S. manufacturing technology consumption totaled $222.36 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 down 15.6% from March but up 102.7% from the total of $109.69 mil-lion reported for April 2009. With a year-to-date total of $783.03 million, 2010 is up 50.6% compared with 2009.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
"Cautious spending on manufacturing technology in January and February pushed high-er levels of investment into the later part of the first quarter, propping up March results," said Douglas K. Woods, AMT president. "While April dipped slightly as compared to March, the level of activity was more than 100 percent better than a year ago. We expect this invest-ment level to be more typical as the year progresses, reflecting manufacturers' continued cautious optimism."
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 domes-tic and imported machine tools and related equipment. Analysis of manufacturing technol-ogy 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.
Northeast Region
With a total of $33.90 million, Northeast Region manufacturing technology consumption in April was 6.3% less than March's $36.18 million but 39.8% more than last April's total. The year-to-date total of $122.90 million was 19.7% above the comparable figure in 2009.
Southern Region
April manufacturing technology consumption in the Southern Region stood at $28.68 mil-lion, down 36.0% when compared with the $44.80 million total for March but up 109.1% when compared with April a year ago. The $122.05 million year-to-date total was 76.7% higher than the total for the same period in 2009.
Midwest Region
At $57.97 million, April manufacturing technology consumption in the Midwest Region was down 26.7% from March's $79.08 million but up 82.2% when compared with April a year ago. The $217.40 million year-to-date total was 41.7% more than the 2009 total at the same time.
Central Region
Totaling $73.20 million, Central Region manufacturing technology consumption in April rose 8.2% when compared with March's $67.65 million and was 185.6% above the total for last April. At $221.36 million, 2010 year-to-date was 73.2% higher than the comparable fig-ure a year ago.
Western Region
Western Region manufacturing technology consumption in April totaled $28.62 million, a drop of 19.9% when compared with the $35.74 million tallied in March but up 100.4% when compared with April 2009. With a year-to-date total of $99.32 million, 2010 was up 48.2% when compared with 2009 at the same time.
