Manufacturing Technology Consumption Up 11.4% in 2008
These numbers are based on the totals of actual data reported by companies participating in the USMTC program.
“This solid September machine tool consumption report confirms the strong numbers from IMTS in September,” says Peter Borden, AMTDA president. “However, the financial uncertainty faced by the U.S. and G7 nations around the globe is signaling the approach of a tipping point towards the forecasted cyclical slowdown in the manufacturing sector. That said, we do expect 2008 to remain in the positive year-over-year growth column from 2007 due to continuing strength in energy-related and medical manufacturing.”