Machine Tool Consumption Up 5.3% YTD
July U.S. manufacturing technology consumption totaled $271.37 million, according to AMT – The Association for Manufacturing Technology and AMTDA, the American Machine Tool Distributors’  ; Association. This total, as reported by companies participating in the USMTC program, was down 22.0% from June, and down 9.5% from the total of $300.01 million reported for July 2006. With a year-to-date total of $2,254.79 million, 2007 was up 5.3% compared with 2006.
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These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
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Typically July and August produce fewer orders relative to other months during the year as a result of the reduction of hours worked and partial plant closings,” said …
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