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January 14, 2008 - USMTC News Release for November Manufacturing Technology Consumption
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USMTC January 14, 2008 pdf
Contact:
Joshua Caulfield, AMTDA, 301-738-1200
Robert Gardner, AMT, 703-827-5275
Manufacturing technology consumption up 6.6% year-to-date
November U.S. manufacturing technology consumption totaled $365.66 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 down 9.3% from October, but up 5.0% from the total of $348.37 million reported for November 2006. With a year-to-date total of $3,851.40 million, 2007 was up 6.6% compared with 2006.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“The November numbers continue to support the forecast of the five percent growth range for the year,” said Peter Borden, AMTDA President. “Orders for large multi-process machines are strong, despite longer lead times, displaying long-term confidence across several segments of the manufacturing economy.”
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.
Northeast Region
At $55.03 million, November manufacturing technology in the Northeast Region was down 17.2% when compared with October’s $66.45 million, and 3.5% less than the total in November 2006. The year-to-date total of $592.32 million was 11.4% higher than the comparable figure in 2006.
Southern Region
Southern Region manufacturing technology consumption in November rose to $45.06 million, 12.3% higher than October’s $40.12 million and 34.2% higher than the tally in November 2006. At $489.51 million, the 2007 year-to-date total was 8.8% more than the comparable figure for 2006.
Midwestern Region
November manufacturing technology consumption in the Midwestern Region stood at $114.55 million, down 34.0% when compared with October’s $173.51 million, and 1.2% less than the November 2006 figure. The year-to-date total of $1,265.35 million was 9.1% higher than the comparable figure in 2006.
Central Region
With a November total of $90.36 million, Central Region manufacturing technology consumption was up 3.3% from October’s $87.44 million, but down 8.2% when compared with November a year ago. Compared with 2006 at the same time, the 2007 year-to-date total of $990.38 million was up 5.9%.
Western Region
Western Region manufacturing technology consumption in November stood at $60.66 million, up 69.4% from October’s $35.80 million and up 39.8% when compared with November a year ago. The year-to-date total of $513.83 million fell 4.2% short of the comparable figure in 2006.
USMTC January 14, 2008 pdf
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Economic Trends and Forecasts
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