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Manufacturing Technology Consumption Up 85% in 2010

Four months of consecutive growth following IMTS

Association For Manufacturing Technology AMT
Mon, 02/14/2011 - 12:42
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(AMT: McLean, VA) -- December U.S. manufacturing technology consumption totaled $446.76 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 40.9 percent from November and up 104.8 percent when compared with the total of $218.16 million reported for December 2009. With a year-to-date total of more than $3.2 billion, 2010 is up 85.3 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.

“For the first time in USMTC history, we experienced four months of consecutive growth following IMTS [the International Manufacturing Technology Show], ending the year on a solid upswing,” says Douglas K. Woods, president of AMT. “2010 orders closed strong, up 85 percent over 2009, and December’s orders were 40.9-percent higher than the previous month. With backlogs firming and quotation levels accelerating, we are very optimistic that the industry will see strong results in 2011.”

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