Manufacturing technology consumption in January 26% higher than year ago

RP news wires
Tags: manufacturing, power tools

January U.S. manufacturing technology consumption totaled $130.96 million, according to AMTDA, the American Machine Tool Distributors’ Association, and AMT – The Association For Manufacturing Technology in a report published on March 8. This total, as reported by companies participating in the USMTC program, was down 40.3 percent from December but up 26.2 percent 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 AMTDA president Peter Borden. “The good news is that January 2010 orders are still 26 percent 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 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.

Northeast Region
January manufacturing technology consumption in the Northeast Region totaled $25.88 million, down 40.5 percent when compared with the $43.49 million total for December but up 31.4 percent when compared with January a year ago.

Southern Region
Totaling $28.51 million, Southern Region manufacturing technology consumption in January fell 3.6 percent below December’s $29.57 million but was 95.8 percent higher than the total for January 2009.

Midwest Region
With a total of $37.41 million, Midwest Region manufacturing technology consumption in January was 39.9 percent less than December’s $62.22 million but up 31.2 percent when compared with January a year ago.

Central Region
At $27.10 million, January manufacturing technology consumption in the Central Region was down 50.6 percent from December’s $54.81 million but up 6.0 percent when compared with January a year ago. 

Western Region
Western Region manufacturing technology consumption in January fell 58.7 percent to $12.06 million when compared with December’s $29.22 million and was down 21.8 percent when compared with January 2009.

 









 

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