Manufacturing Technology Consumption Up 82.7% in November Feb 1, 2011

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November U.S. manufacturing technology consumption totaled $318.18 million, according to AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association For Manufacturing Technology. This total, reported by companies participating in the USMTC program, was down 17.7% from October but up 81.1% from the $175.68 million reported for November 2009. With a year-to-date total of $2,792.58 million, 2010 is up 82.7% form the same time in 2009.

“The November numbers reflect the continuing rebound of the U.S. manufacturing sector,” said Peter Borden, AMTDA President. “Confidence in 2011 is growing and purchases are being made despite the capacity rates being below the threshold when this normally occurs. Backlogs and deliveries are lengthening while prices are increasing as supply lines struggle to meet the surprising surge in demand. Forecasts suggest things will slow.”

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