December U.S. manufacturing technology consumption was up 85.3% in 2010, according to the Association For Manufacturing Technology (AMT) and the American Machine Tool Distributors’ Association (AMTDA).
Companies participating in the USMTC program reported that December consumption was up 40.9% from November and up 104.8% when compared with the total of $218.16 million reported for December 2009.
“For the first time in USMTC history, we experienced four months of consecutive growth following IMTS, ending the year on a solid upswing,” said Douglas K. Woods, President of AMT. “2010 orders closed strong, up 85% over 2009, and December’s orders were 40.9% higher than the previous month. With backlogs firming and quotation levels accelerating, we are very optimistic that the industry will see strong results in 2011.”
The United States Manufacturing Technology Consumption (USMTC) report, jointly compiled by the two trade associations representing the production and distribution of manufacturing technology, provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment. 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.
U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States.
At $66.17 million, December manufacturing technology consumption in the Northeast Region was 5.9% more than November’s $62.50 million and up 52.6% when compared with December 2009. The $589.79 million 2010 total was 74.4% more than the 2009 total.
Manufacturing technology consumption in the Southern Region in December stood at $45.62 million, up 26.9% from November’s $35.94 million and up 55.0% when compared with the December 2009 total. With a year-end total of $430.27 million, 2010 was up 76.3% when compared with 2009.
Midwest Region manufacturing technology consumption totaled $165.96 million in December, 48.9% more than November’s $111.42 million and 169.3% more than the December 2009 figure. At $1,020.76 million, the 2010 total was 104.8% higher than the comparable figure for the previous year.
Manufacturing technology consumption in the Central Region in December stood at $113.36 million, up 59.4% when compared with November’s $71.10 million and 108.0% higher than the tally for the previous December. The 2010 year-end total of $834.86 million was 95.9% above the comparable figure for 2009.
December manufacturing technology consumption in the Western Region totaled $55.65 million, up 54.3% when compared with the $36.07 million total for November and up 90.5% when compared with December a year earlier. At $360.33 million, the 2010 year-end total was 50.5% higher than the 2009 total.