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March U.S. manufacturing technology consumption totaled $371.10 million, according to AMTDA, the American Machine Tool Distributors' Association and AMT - The Association For Manufacturing Technology in a report released on May 14. This total, as reported by companies participating in the USMTC program, was up 34.9 percent from February, and up 1.4 percent from the total of $365.89 million reported for March 2006. With a year-to-date total of $945.27 million, 2007 was up 7.1 percent 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.
"Strong March results have produced continued growth in the first quarter of the year, "said AMTDA president John J. Healy. "This pattern of steady growth is expected to continue."
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 machine tool consumption provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
U.S. machine tool consumption is also reported on a regional basis for five geographic break-downs of the United States.
Northeast Region
With a $55.39 million total, March manufacturing technology consumption in the Northeast Region was up 30.1 percent compared with February's $42.58 million, but down 3.7 percent when compared with March 2006. The year-to-date total of $151.27 million was 14.5 percent higher than at the same time a year ago.
Southern Region
Southern Region manufacturing technology consumption in March stood at $41.63 million, 11.4 percent higher than February's $37.36 million, but 21.0 percent less than the total for March a year ago. With a year-to-date total of $111.27 million, 2007 is running 15.1 percent behind 2006 at the same time.
Midwestern Region
March manufacturing technology consumption in the Midwestern Region totaled $107.33 million, up 61.3 percent when compared with February's $66.54 million, but 1.3 percent less than the March 2006 total. At $251.38 million year-to-date, 2007 has fallen 8.9 percent behind 2006 at the same time.
Central Region
Central Region manufacturing technology consumption in March stood at $103.13 million, 12.7 percent higher than February's $91.52 million, and up 14.6 percent when compared with March 2006. At $271.55 million, the year-to-date total was 27.9 percent higher than the comparable figure for 2006.
Western Region
March manufacturing technology consumption in the Western Region rose to $63.62 million, up 71.7 percent compared with the $37.05 million tallied in February, and 11.7 percent higher than the March 2006 total. With a year-to-date total of $159.80 million, 2007 was up 21.6 percent when compared with last year at the same time.
Key
P - preliminary
$ - millions of dollars
Totals may not match due to rounding.
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