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USMTC News Release - July 10, 2006
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USMTC July 10, 2006 pdf
Contact:
John Healy, AMTDA, 301-738-1200
Robert Gardner, AMT, 703-827-5275
May manufacturing technology consumption up 21.4%
May U.S. manufacturing technology consumption totaled $319.40 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 up 21.4% from April and up 29.7% from the total of $246.27 million reported for May 2005. With a year-to-date total of $1,437.11 million, 2006 was up 22.0% compared with 2005.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“May’s growth in consumption is particularly encouraging because it is shared across every region of the country,” said John J. Healy, AMTDA President. “While May was one of the four best months in the current recovery, the important point is that the trend in orders continues to be upward.”
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
May manufacturing technology consumption in the Northeast Region stood at $48.01 million, up 12.6% from April’s $42.62 million and 32.8% higher than the May 2005 total. At $214.03 million, the year-to-date total was 21.4% higher than the 2005 total at the same time.
Southern Region
Southern Region manufacturing technology consumption in May totaled $39.22 million, up 25.2% when compared with April’s $31.33 million, and 8.2% higher than the total for May a year ago. The year-to-date total of $197.67 million was 3.7% less than the comparable figure last year.
Midwestern Region
At $93.54 million, May Midwestern Region manufacturing technology consumption was 38.6% higher than April’s $67.47 million and 3.8% higher than the May 2005 total. The $426.58 million year-to-date total was 5.2% more than the 2005 total at the same time.
Central Region
Central Region manufacturing technology consumption in May rose to $82.48 million, up 7.3% from April’s $76.90 million and 61.2% higher than the May total last year. Year-to-date 2006 consumption reached $369.24 million, 56.7% higher than last year’s comparable figure.
Western Region
Totaling $56.16 million, May manufacturing technology consumption in the Western Region was 25.2% higher than April’s $44.87 million and 71.9% more than the May 2005 total. With a year-to-date total of $229.60 million, 2006 was running 48.3% ahead of 2005 at the same time.
USMTC July 10, 2006 pdf
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