November U.S. manufacturing technology consumption totaled $365.66 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 9.3% from October, but up 5.0% from the total of $348.37 million reported for November 2006. With a year-to-date total of $3,851.40 million, 2007 was up 6.6% compared with 2006.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“The November numbers continue to support the forecast of the five percent growth range for the year,” said Peter Borden, AMTDA President. “Orders for large multi-process machines are strong, despite longer lead times, displaying long-term confidence across several segments of the manufacturing economy.”
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.