United States Machine Tool Consumption for 2006, was up 26.8 % compared with 2005, totaling $3,889.75 million according to The Association for Manufacturing Technology and the American Machine Tool Distributors’ Association. "2006 was an exceptional year, with the highest U.S. consumption since 2000," says John B. Byrd III, AMT President. "Growth should continue in 2007, at a more modest pace, as U.S. manufacturers continue to modernize to meet global competition."
The results and data in the report are based on totals of actual data reported by companies participating in the United States Machine Tool Consumption (USMTC) program. It is a jointly compiled report by both the Association for Manufacturing Technology and the American Machine Tool Distributors’ Association. They represent the production and distribution of manufacturing technology; provide regional and national U.S. consumption data of domestic and imported machine tools and related equipment. This analysis of the machine tool consumption provides a reliable leading economic indicator as manufacturing industries incest in capital metalworking equipment to increase capacity and improve productivity.
U.S. machine tool consumption is reported on a regional basis:
Below information taken from AMTonline.org:
Northeast Region
December manufacturing technology consumption in the Northeast Region stood at $57.61 million, up 1.7% from November’s $56.65 million and 20.3% higher than the December 2005 total. At $582.25 million, the year-end consumption total was 37.2% higher than in 2005.
Southern Region
Southern Region manufacturing technology consumption in December rose to $50.08 million, 50.6% higher than November’s $33.25 million and up 13.4% when compared with December a year ago. The year-end total of $495.87 million was 1.9% higher than the comparable figure a year ago.
Midwestern Region
Totaling $68.54 million, December Midwestern Region manufacturing technology consumption was 40.3% less than November’s $114.76 million and 38.1% less than the December 2005 figure. With a year-end total of $1,211.17 million, 2006 was 13.7% ahead of 2005.
Central Region
At $81.67 million, December Central Region manufacturing technology consumption was down 16.3% compared with November’s $97.61 million, but 9.1% higher than the December 2005 total. At year-end, consumption totaled $1,003.48 million, 49.3% higher than the comparable figure in 2005.
Western Region
Western Region December manufacturing technology consumption rose to $63.45 million, 48.1% higher than November’s $42.85 million and 40.4% higher than the December total a year ago. The $596.98 million tallied in 2006 was 42.5% higher than the 2005 total.
For more information and graphs, use the following link:
http://www.amtonline.org/document_display.cfm?section_id=100&document_id=44894&top=0&level=
SOURCE U.S. Manufacturing Technology Consumption
Nicole Camiola
New Equipment Digest
Online Content Editor