April U.S. manufacturing technology consumption totaled $396.92 million according to AMT – The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 21.0% from March but up 74.9% when compared with the total of $226.99 million reported for April 2010. With a year-to-date total of $1,595.98 million, 2011 is up 105.3% compared with 2010.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“It is very encouraging to see year-to-date orders more than double last year’s pace particularly with the price of oil, unrest in the Middle East, and the disasters in Japan,” Douglas K. Woods says, President of AMT. “Despite April’s numbers being slightly lower than March, recent levels of outstanding order activity are now approaching pre-recession levels which is a positive long-term indicator for our industry.”
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.
Midwest Region manufacturing technology consumption in April stood at $124.34 million, 39.5% less than the March total of $205.64 million but up 117.4% when compared with last April. At $554.39 million, the 2011 year-to-date total is 156.7% more than the comparable figure for 2010.