Manufacturing Technology Consumption up 188.3% from Jan 2010.
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Press Release Summary:
According to AMTDA and AMT, January U.S. manufacturing technology consumption totaled $371.41 million. This total, as reported by companies participating in the United States Manufacturing Technology Consumption program, was down 16.3% from December but up 188.3% when compared with total of $128.82 million reported for January 2010. USMTC report provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment.
Original Press Release:
January Manufacturing Technology Consumption 188% Higher than in January 2010
January U.S. manufacturing technology consumption totaled $371.41 million, according to AMTDA, the American Machine Tool Distributors' Association and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 16.3% from December but up 188.3% when compared with the total of $128.82 million reported for January 2010. 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 slight decline in orders from December, the January USMTC report confirms that U.S. manufacturers are reinvesting vigorously to improve productivity," said Peter Borden, AMTDA President. "As equipment deliveries grow longer and commodity prices increase, factories may continue to make these investments before inflation and other factors raise prices further."
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 geo-graphic breakdowns of the United States.
Northeast Region
Manufacturing technology consumption in the Northeast Region in January stood at $49.21 million, down 25.6% from December's $66.13 million but up 92.4% when compared with the January 2010 total.
Southern Region
Southern Region manufacturing technology consumption totaled $53.90 million in January, up 18.7% when compared with December's $45.42 million and up 96.5% when compared with the total for January 2010.
Midwest Region
At $124.07 million, January manufacturing technology consumption in the Midwest Region was 24.5% lower than December's $164.32 million but up 224.6% when compared with last January.
Central Region
January manufacturing technology consumption in the Central Region totaled $99.66 million, down 13.1% from December's $114.68 million but 283.3% higher than the January 2010 total.
Western Region
Western Region manufacturing technology consumption in January stood at $44.58 million, 16.4% lower than December's $53.30 million but 284.1% higher than the tally for the previous January.
