April U.S. manufacturing technology consumption totaled $97.04 million, according to the Association For Manufacturing Technology and the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 41.5% from March and down 77.7% from the total of $435.34 million reported for April 2008. With a year-to-date total of $497.40 million, 2009 is down 70.7% compared with 2008.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
Industry executives have speculated whether we have reached the bottom of this current economic downturn, said Douglas K. Woods, AMT president. “The 41% drop in …
