September Manufacturing Technology Consumption Up 66.1% Nov 12, 2010

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September U.S. manufacturing technology consumption totaled $399.76 million, according to a monthly report from AMTDA, the American Machine Tool Distributors’ Association and AMT - The Association For Manufacturing Technology.

This total was up 66.1% from August and up 156.8% over the $155.69 million reported for September 2009. With a year-to-date total of $2,090.27 million, 2010 is up 74.1% compared with 2009.

The United States Manufacturing Technology Consumption (USMTC) report, jointly compiled by the two trade associations, represents the production and distribution of manufacturing technology and provides U.S. consumption data of domestic and imported machine tools and related equipment.

"September 2010 was a watershed in the recovery from the recession of 2008-9. The 1,992 units sold this month is the highest number since September of 2008 and demonstrates the resilience and staying power of the U.S. manufacturing base,” said Peter Borden, AMTDA President. “More remarkably, this was done while many factories are running below the capacity levels that require capital goods purchases, despite the tight credit, and in spite of questions about government debt and potential tax increases."

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