August 8, 2011
June U.S. manufacturing technology consumption totaled $459.39 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 United States Manufacturing Technology Consumption (USMTC) program, was up 15.3 percent from May and up 91.7 percent when compared with the total of $239.68 million reported for June 2010. With a year-to-date total of $2,453.78 million, 2011 is up 103.9 percent 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.
"At this pace, the industry would post orders equal to all of 2010 by the end of August," said Douglas K. Woods, President of AMT. "Still, industry leaders view the rest of 2011 with cautious optimism given the weakness in parts of the economy illustrated by the Dow's plunge at the beginning of August. We expect a bump in orders related to customers taking advantage of the current Bonus Depreciation rate before it is reduced in 2012."
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.
U.S. manufacturing technology consumption also is reported on a regional basis for five geographic breakdowns of the United States.
Northeast Region — At $61.82 million, June manufacturing technology orders in the Northeast Region were down 2.9 percent when compared with the $63.68 million total for May but up 18.3 percent when compared with June a year ago. The year-to-date total of $367.33 million is 72.1 percent more than the comparable figure for 2010.
Southern Region — June manufacturing technology orders in the Southern Region totaled $65.77 million, 18.5percent more than May's $55.49 million and 94.2percent more than the June 2010 total. With a year-to-date total of $306.30 million, 2011 is up 64.0percent when compared with 2010 at the same time.
Midwest Region — Midwest Region manufacturing technology orders in June stood at $155.39 million, 5.5percent more than the May total of $147.24 million and up 114.0percent when compared with last June. At $855.13 million, the 2011 year-to-date total is 157.1percent more than the comparable figure for 2010.
Central Region — Manufacturing technology orders in the Central Region in June totaled $124.86 million, up 30.8percent from May's $95.48 million and up 126.7percent when compared with the June 2010 figure. The $677.66 million year-to-date total is 108.2percent higher than the total for the same period in 2010.
Western Region — Western Region manufacturing technology orders totaled $51.55 million in June, 40.7percent more than the $36.64 million total for May and 99.2percent higher than the tally for June 2010. At $247.35 million, 2011 year-to-date is up 70.5percent when compared with last year at the same time.