In January the U.S. Manufacturing Technology Consumption (USMTC) totaled $371.41 million, and while that was down 16.3% from December 2010, it was a 188.3% increase compared with the total of $128.82 million reported for January 2010. These are the latest figures reported by the American Machine Tool Distributors’ Association (AMTDA) and the Association for Manufacturing Technology (AMT), from companies participating in the USMTC program.
“Despite the slight decline in orders from December, the January USMTC report confirms that U.S. manufacturers are reinvesting vigorously to improve productivity,” said Peter Borden, AMTDA president. “As equipment deliveries grow longer and commodity prices increase, factories may continue to make these investments before inflation and other factors raise prices further.”
On a regional basis, manufacturing technology consumption in the Northeast Region in January stood at $49.21 million, down 25.6% from December’s $66.13 million. However, when compared to January 2010, the January 2011 figure was up 92.4%....