January U.S. manufacturing technology consumption totaled $130.96 million, up 26.2% from January 2009.
The results come from AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association For Manufacturing Technology. The January total, reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) report program, was down 40.3% from December 2009 but up 26.2% from the total of $103.77 million reported for January 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.
“Many customers placed orders in December to take advantage of tax relief measures, pulling orders out of January 2010,” said Peter Borden, AMTDA President. “The good news is that January 2010 orders are still 26% ahead of January 2009. Fortunately, there are measures moving through Congress that will expand these benefits, incentivizing manufacturers to invest in capital equipment in 2010.”
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