November U.S. manufacturing technology consumption totaled $318.18 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 17.7% from October but up 81.1% when compared with the total of $175.68 million reported for November 2009. With a year-to-date total of $2,792.58 million, 2010 is up 82.7% compared with 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. “The November numbers reflect the continuing rebound of the U.S. manufacturing sector,” said Peter Borden, AMTDA President. “Confidence in 2011 is growing and purchases are being made despite the capacity rates being below the threshold when this normally occurs. Backlogs and deliveries are lengthening while prices are increasing as supply lines struggle to meet the surprising surge in demand. Forecasts suggest things will slow – will this be the case? – stay tuned!”
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.