Manufacturing Technology Consumption Up 85% in 2010
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“For the first time in USMTC history, we experienced four months of consecutive growth following IMTS, ending the year on a solid upswing,” says Douglas K. Woods, president of AMT. “2010 orders closed strong, up 85% over 2009, and December’s orders were 40.9% higher than the previous month. With backlogs firming and quotation levels accelerating, we are very optimistic that the industry will see strong results in 2011.”
The U.S. Manufacturing Technology Consumption (USMTC) report, jointly compiled by the two trade associations representing the production and distribution of manufacturing technology, provides regional and national 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. These include: