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Manufacturing Technology Consumption Up 6.6% Year-to-Date

February 22, 2008
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MCLEAN, VA-November 2007 U.S. manufacturing technology consumption totaled $365.66 million, according to the American Machine Tool Distributors’ Association (AMTDA) and the Association for Manufacturing Technology (AMT). This total, as reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) program, was down 9.3% from October, but up 5.0% from the total of $348.37 million reported for November 2006. With a year-to-date total of $3,851.40 million, 2007 was up 6.6% compared with 2006.

“The November numbers continue to support the forecast of the 5% growth range for the year,” says Peter Borden, AMTDA president. “Orders for large, multiprocess machines are strong, despite longer lead times, displaying long-term confidence across several segments of the manufacturing economy.”

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