July U.S. manufacturing technology consumption totaled $266.08 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was up 10.1% from June and up 72.6% from the total of $154.13 million reported for July 2009. With a year-to-date total of $1,473.79 million, 2010 is up 58.9% compared to 2009.
“We are pleased that July sales have exceeded expectations and that we’re not seeing the normal summer doldrums for machine tool purchases,” said Peter Borden, AMTDA president. “IMTS 2010, opening today in Chicago, will be a key indicator of the ongoing strength of the manufacturing recovery that we have seen gaining momentum since January.”
The United States Manufacturing Technology Consumption (USMTC) report represents the production and distribution of manufacturing technology in the United States.
The associations indicated that 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.
to Daily News