August Manufacturing Technology Consumption Up 4%
October 14, 2008
MCLEAN, VA-August U.S. manufacturing technology consumption totaled $323.07 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 4% from July but down 11.5% from the total of $365.14 million reported for August 2007. With a year-to-date total of $3,001.95 million, 2008 is up 12.7% compared with 2007.
These numbers are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) report program.
“August’s results are in line with historical trends, which tell us that the month preceding the International Manufacturing Technology Show (IMTS) tends to be lower than in non-IMTS years because buyers wait for the September show before making new technology investments,” says Robert K. Simpson, AMT president. “We expect to see strong September numbers due to a very active IMTS and the impending year-end expensing allowance deadline.”