Industry News: 2007 Manufacturing Technology Consumption Up 5.3%
October 29, 2007
MCLEAN, VA-July U.S. manufacturing technology consumption totaled $271.37 million, according to AMT, the Association for Manufacturing Technology, and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 22.0% from June, and down 9.5% from the total of $300.01 million reported for July 2006. With a year-to-date total of $2,254.79 million, 2007 was up 5.3% compared with 2006.
These numbers are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) program.
Typically July and August produce fewer orders relative to other months during the year as a result of the reduction of hours worked and partial plant closings, says John B. Byrd III, AMT president. However, the strength observed in the aerospace and job shop industries demand for manufacturing technology will continue to trend upwards.