Manufacturing Technology Consumption Up More Than 50 Percent
July 8, 2010
April U.S. manufacturing technology consumption (USMTC) totaled $222 million
April U.S. manufacturing technology consumption (USMTC) totaled $222 million, according to AMT—The Assn. For Manufacturing Technology (www.amtonline.org) and the American Machine Tool Distributors’ Assn. (AMTDA, www.amtda.org). This total, as reported by companies participating in the USMTC program, was down 16% from March but up 103% from the total of $110 million reported for April 2009. With a year-to-date total of $783 million, 2010 is up 51% compared with 2009.
"Cautious spending on manufacturing technology in January and February pushed higher 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, compared to March, the level of activity was more than 100% better than a year ago. We expect this investment level to be more typical as the year progresses, reflecting manufacturers' continued cautious optimism."
The USMTC report provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment.
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