Manufacturing Technology Consumption on the Upswing

MCLEAN, VA-July U.S. manufacturing technology consumption totaled $149.51 million, according to the American Machine Tool Distributors’ Association (AMTDA) and the Association for Manufacturing Technology (AMT). This total was up 9.2% from June but down 55.3% from the total of $334.14 million reported for July 2008. With a year-to-date total of $910.42 million, 2009 is down 68.3% compared with 2008.

“We are pleased to see a third consecutive monthly increase in machine tool sales, which indicates that we appear to be past the bottom,” says Peter Borden, AMTDA president. “However, we are well aware that the number of units is still far less than half of what it was a year ago. We are hoping the recent uptick will pave the way to a more solid recovery in the fourth quarter and into 2010.”

These numbers are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Consumption (USMTC).

The 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.

View the entire press releasehere.

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