Manufacturing Technology Consumption Up 16.4%
These numbers are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) program.
“The March consumption numbers, as well as the first quarter as a whole, clearly demonstrate that the investment incentive stimulus package along with the weak dollar are helping metalworking manufacturing to counteract the weaknesses in the other sectors of the economy,” says Peter Borden, AMTDA president. “We’re pleased that the surcharges on fuel and other items have not affected decision makers’ appetites for capital goods. It’s noteworthy that all areas of the country had substantial gains, and this makes us cautiously optimistic for the balance of the year.”