Manufacturing Technology Consumption up 83.2% 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.
“Never in the history of the USMTC have we seen a post-IMTS October rival September so closely,” said AMT President Douglas K. Woods. “Increased Sec. 179 expensing and 50% bonus depreciation enacted in late September helped offset the declines we normally see after a show. Looking ahead, enactment of the pending tax package would give U.S. manufacturers a big boost heading into the New Year.”
The 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, including: