January Manufacturing Technology Consumption 26% Ahead of Last January
March 9, 2010
January U.S. manufacturing
technology consumption (USMTC) totaled $130.96 million, according to the American
Machine Tool Distributors’ Association (AMTDA), the , and The Association For Manufacturing
Technology (AMT). This total, as reported by
companies participating in the USMTC program, was down 40.3% from December but
up 26.2% from the total of $103.77 million reported for January 2009.
These numbers and all data in this report are based on the totals
of actual data reported by companies participating in the USMTC program.
“Many customers placed
orders in December to take advantage of tax relief measures, pulling orders out
of January 2010,” said Peter Borden, AMTDA
President. “The good news is that January 2010 orders are still 26%
ahead of January 2009. Fortunately,
there are measures moving through Congress that will expand these benefits,
incentivizing manufacturers to invest in capital equipment in 2010.”
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
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.
Northeast RegionJanuary manufacturing technology
consumption in the Northeast Region totaled $25.88 million, down 40.5% when
compared with the $43.49 million total for December but up 31.4% when compared
with January a year ago.
Totaling $28.51 million,
Southern Region manufacturing technology consumption in January fell 3.6% below
December’s $29.57 million but was 95.8% higher than the total for January 2009.
With a total of $37.41 million, Midwest Region manufacturing
technology consumption in January was 39.9% less than December’s $62.22 million
but up 31.2% when compared with January a year ago.
At $27.10 million, January
manufacturing technology consumption in the Central Region was down 50.6% from
December’s $54.81 million but up 6.0% when compared with January a year
Western Region manufacturing
technology consumption in January fell 58.7% to $12.06 million when compared
with December’s $29.22 million and was down 21.8% when compared with January