Industry News: June Manufacturing Technology Consumption Up 5.1%
October 1, 2007
MCLEAN, VA-June U.S. manufacturing technology consumption totaled $347.70 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 5.1% from May, and up 0.4% from the total of $346.47 million reported for June 2006. With a year-to-date total of $1,982.52 million, 2007 was up 7.7% compared with 2006.
“Through the first half of this year, manufacturers have continued to increase purchases of advanced production equipment,” says John B. Byrd III, AMT president. “These strategic investments contribute to continuing U.S. economic growth by increasingly competitive U.S. manufacturing firms.”