USMTC: Manufacturing Technology Consumption Up 82.7% Year-to-Date
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“The November numbers reflect the continuing rebound of the U.S. manufacturing sector,” said Peter Borden, AMTDA President. “Confidence in 2011 is growing and purchases are being made despite the capacity rates being below the threshold when this normally occurs. Backlogs and deliveries are lengthening while prices are increasing as supply lines struggle to meet the surprising surge in demand.”
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 geographic breakdowns of the United States. They include: