Machine Tool Consumption Up 22.3% YTD - Modern Distribution Management

Machine Tool Consumption Up 22.3% YTD

August U.S. manufacturing technology consumption totaled $300.15 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 up 3.4% from July and up 2.1% from the total of $294.10 million reported for August 2005. With a year-to-date total of $2,381.37 million, 2006 was up 22.3% 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.

“August consumption was unusually high, but not surprising when you consider that some industries, such as construction equipment, are working at 100% of capacity,” said John B. Byrd III, AMT president. “Buyers for many industries were very active at the recent International Manufacturing Technology Show, looking for both increased productivity and for capacity advances. Clearly, the year will end on a high note as orders taken at IMTS are realized.”

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
Northeast Region manufacturing technology consumption in August totaled $45.79 million, up 11.1% from July’s $41.23 million and 68.0% above the August 2005 total. At $352.54 million, the year-to-date total was 33.1% higher than the comparable figure in 2005.

Southern Region
At $44.08 million, August Southern Region manufacturing technology consumption was 24.6% higher than July’s $35.39 million and 10.9% higher than the August 2005 total. Year-to-date 2006 consumption rose to $328.72 million, 3.1% more than the comparable figure for 2005.

Midwestern Region
Totaling $71.06 million, August manufacturing technology consumption in the Midwestern Region was 37.4% less than the $113.44 million tallied in July, and off 43.2% when compared with August a year ago. With a year-to-date total of $720.16 million, 2006 was running 3.5% ahead of 2005 at the same time.

Central Region
Manufacturing technology consumption in the Central Region in August totaled $83.40 million, up 22.3% when compared with July’s $68.22 million, and 27.5% higher than the August 2005 total. At $611.86 million, year-to-date 2006 consumption was 51.0% ahead of 2005 at the same time.

Western Region
August manufacturing technology consumption in the Western Region rose to $55.82 million, 74.9% higher than July’s $31.91 million and up 52.8% when compared with August 2005. Year-to-date consumption of $368.09 million was 40.7% ahead of the comparable figure for 2005.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!