Manufacturing Technology Consumption in June Level with May
August 13, 2008
MCLEAN, VA - June U.S. manufacturing technology consumption totaled $360.43 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 level with May, and up 2% from the total of $353.40 million reported for June 2007. With a year-to-date total of $2,318.34 million, 2008 is up 15.3% compared with 2007.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program. “I think everyone is excited that the underpinning for productivity in our economic growth – manufacturing technology equipment – continues to grow at double digit rates through the second quarter,” said John B. Byrd III, AMT President. “Industry analysts expect continued growth in the third quarter as manufacturers invest in the latest and greatest manufacturing technology at IMTS 2008. It’s the largest manufacturing event in the Americas, and when attendees are at McCormick Place in Chicago between September 8-13, they’ll be visiting the premier showcase for advances in manufacturing technology.”
The United States Manufacturing Technology Consumption (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.