February U.S. manufacturing technology consumption totaled $329.43 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, reported by companies participating in the USMTC program, was down 10.9% from January but up 99.3% when compared with the $165.31 million reported for February 2010. With a year-to-date total of $699.16 million, 2011 is up 138.1% compared to 2010.
"The dramatic year-over-year growth further underscores the manufacturing renaissance that is taking place,” said Douglas K. Woods, President of AMT. “As February is a short month, the slight decline from January is to be expected, but the overall gains compared with February 2010 point to our belief that 2011 will be a strong year for the industry."
The United States Manufacturing Technology Consumption (USMTC) report is jointly compiled by the two trade associations representing the production and distribution of manufacturing technology.
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