Industry Headlines

August Manufacturing Technology Consumption Up 4%

MCLEAN, VA-August U.S. manufacturing technology consumption totaled $323.07 million, according to the Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors’ Association (AMTDA). This total, as reported by companies participating in the USMTC program, was up 4% from July but down 11.5% from the total of $365.14 million reported for August 2007. With a year-to-date total of $3,001.95 million, 2008 is up 12.7% compared with 2007.

These numbers are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) report program.

“August’s results are in line with historical trends, which tell us that the month preceding the International Manufacturing Technology Show (IMTS) tends to be lower than in non-IMTS years because buyers wait for the September show before making new technology investments,” says Robert K. Simpson, AMT president. “We expect to see strong September numbers due to a very active IMTS and the impending year-end expensing allowance deadline.”

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

Charles J. Hellier has been active in the technology of nondestructive testing and related quality and inspection fields since 1957. Here he talks with Quality's managing editor, Michelle Bangert, about the importance of training.
More Podcasts

Quality Magazine

CoverImage

2015 February

The February 2015 edition of Quality Magazine includes this years Leadership 100.

Table Of Contents Subscribe

The Skills Gap

What is the key to solving the so-called skills gap in the quality industry?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png  

eNewsletters