Manufacturing Technology Consumption up 23.9% in 2006

June U.S. manufacturing technology consumption totaled $322.68 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 0.4% from May but up 26.7% from the total of $254.74 million reported for June 2005.With a year-to-date total of $1,774.48 million, 2006 was up 23.9% compared with 2005.

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

"Since the recovery began in November 2003, orders have grown steadily, punctuated by June's 27 percent increase over June 2005," said John B. Byrd III, AMT President. "Counter to concerns that the 32-month expansion is ready to turn, the market is still 35 percent lower than its1997 peak. There is still a lot of room to grow."

The United States Machine Tool 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 - June manufacturing technology consumption in the regioin stood at $43.35 million, down10.3% when compared with May's $48.34 million, but 20.9% higher than the total for June a year ago. The year-to-date total of $260.53 million was up 22.8% when compared with 2005 at the same time.

Southern Region - June manufacturing technology consumption in the Southern Region rose to $47.01 million, up 19.1% from May's $39.46 million and 47.7% higher than the June 2005 total. At $246.66 million, the year-to-date total was 4.0% higher than the comparable figure in 2005.

Midwestern Region - Totaling $97.91 million, June Midwestern Region manufacturing technology consumption was level with May's $97.85 million and up 9.7% from the previous June. Year-to-date 2006 consumption stood at $531.40 million, 7.4% higher than the comparable figure for 2005.

Central Region - June manufacturing technology consumption in the Central Region rose to $88.08 million, up6.9% from May's $82.37 million and 51.5% higher than the June total in 2005. With a year-to-date total of $459.20 million, 2006 was running 56.3% ahead of 2005 at the same time.

Western Region
At $46.32 million, June manufacturing technology consumption in the Western Region was down 17.4% when compared with May's $56.10 million but 17.0% higher than the June 2005 total. Year-to-date 2006 consumption totaled of $276.69 million, 42.3% ahead of 2005 at the same time.

SOURCE: AMTDA - American Machine Tools Distributors' Association. For further information on the association's activities such as the AMTDA Directory and/or Distributor Opportunities click here.

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