Third straight month of increases in manufacturing technology consumption
Sales of U.S. machine tools and components rose 9.2% in July, to $149.51 million, according to the monthly manufacturing technology report compiled by AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association For Manufacturing Technology. While the rise over June consumption is significant, and the third consecutive month for an increase, the total represents a -55.3% decrease from the July 2008 total.
The 2009 year-to-date total for manufacturing technology sales is $910.42 million, -68.3% versus 2008.
The AMTDA/AMT figures are based on the monthly U.S. Manufacturing Technology Consumption report, which the two trade associations compile to track production and distribution of manufacturing technology. The USMTC report also provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment.
While expressing satisfaction with the continuing rise in consumption, AMTDA president Peter Borden, stated: “We are hoping the recent uptick will pave the way to a more solid recovery in the fourth quarter and into 2010.”
In the regional analyses, July manufacturing technology consumption in the Northeast declined -26.8% from June, and -61.4% versus July 2008. Year-to-date consumption in the Northeast stands at $174.39 million, -57.3% against the first seven months of 2008.
In the South, July manufacturing technology consumption fell -13.5% from June, and -49.8% from July 2008. For the year to date, Southern manufacturing technology consumption totals $128.67 million, down -71.7% compared to January-July 2008.
Midwest regional manufacturing technology consumption rose 9.4% from June to July, but is off -57.6% versus July 2008. The 2009 year-to-date Midwest consumption total of $255.36 million is down -73.3% against the comparable period of 2008.
The Central region posted a consumption increase of 76.4% from June to July, and a -53.5% decline from July 2008. The 2009 year-to-date consumption total in the Central region is $227.04 million, -68% against the January-June 2008 period.
In the Western region, July manufacturing technology consumption declined -11.4% from June to July, and is down -52.4% against July 2008. The West’s 2009 year-to-date consumption amounts to $124.95 million, -63.6% versus the same period of 2008.