August U.S. manufacturing technology consumption totaled $246.42 million, according to AMT - The Association for Manufacturing Technology and the American Machine Tool Distributors' Association (AMTDA).
This total, as reported by companies participating in the United States
Manufacturing Technology Consumption (USMTC) program, was down 5.7 percent from
July but up 88 percent when compared with the total of $131.06 million reported
for August 2009. With a year-to-date total of $1,697.27 million, 2010 is up
62.4 percent 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.
"Despite the normal summer slowdown, the first 8 months of 2010 saw an
order rate that was up 60 percent over the same time period in 2009," says
Douglas K. Woods, President of AMT. "We expect orders to be strong through
the remainder of the year due in part to Congress extending the bonus
depreciation allowance, which will remain in effect through December."
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 leading
economic indicator as manufacturing industries invest in capital metalworking
equipment to increase capacity and improve productivity.