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June Manufacturing Technology Consumption Up 35 Percent From May

Increased foreign direct investment and a doubling of aerospace and construction equipment orders helped boost numbers

Association For Manufacturing Technology AMT
Mon, 08/09/2010 - 17:06
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(AMT: McLean, VA) -- June U.S. manufacturing technology consumption totaled $241.47 million, according to The Association for Manufacturing Technology (AMT) and The American Machine Tool Distributors’ Association (AMTDA). This total, as reported by companies participating in the U.S. Manufacturing Technology Consumption (USMTC) program, was up 35.8 percent from May and up 71.1 percent from the total of $141.12 million reported for June 2009. With a year-to-date total of $1,207.60 million, 2010 is up 56.1 percent compared with 2009.

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These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

“Typically, manufacturing technology order rates slow down in the months leading up to the International Manufacturing Technology Show, the largest production technology show in the Americas,” says Douglas K. Woods, AMT president. “However, increased foreign direct investment and a doubling of orders in aerospace and construction equipment through the first half 2010 resulted in an acceleration of USMTC orders rather than the typical slow down.”

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