September U.S. manufacturing technology consumption totaled $399.76 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was up 66.1% from August and up 156.8% when compared with the total of $155.69 million reported for September 2009. With a year-to-date total of $2,090.27 million, 2010 is up 74.1% compared with 2009.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“September 2010 was a watershed in the recovery from the recession of 2008-9. The 1,992 units sold this month is the highest number since September of 2008 and demonstrates the resilience and staying power of the U.S. manufacturing base,” said Peter Borden, AMTDA President. “More remarkably, this was done while many factories are running below the capacity levels that require capital goods purchases, despite the tight credit, and in spite of questions about government debt and potential tax increases. The catalysts of the successful IMTS, the weaker dollar, and the passage of bonus depreciation paid surprising and long awaited dividends.”
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.
Manufacturing technology consumption in the Northeast Region in September stood at $64.44 million, 66.3% higher than August’s $38.76 million and 77.3% above the September 2009 total. The year-to-date total of $362.73 million was 53.4% more than the comparable figure for 2009.
September manufacturing technology consumption in the Southern Region totaled $66.85 million, up 119.9% when compared with the $30.40 million total for August and up 389.4% when compared with September a year ago. The $308.65 million 2010 year-to-date total was 86.4% higher than the total for the same period last year.
At $121.80 million, September manufacturing technology consumption in the Midwest Region was 49.0% more than August’s $81.75 million and up 157.6% when compared with last September. The $629.19 million 2010 year-to-date total was 84.4% above the 2009 total at the same time.
Manufacturing technology consumption in the Central Region in September stood at $114.99 million, 77.0% more than the August total of $64.95 million and 238.3% higher than the total for September 2009. With a year-to-date total of $561.03 million, 2010 was up 94.0% when compared with 2009 at the same time.
With a total of $31.68 million, September Western Region manufacturing technology consumption was up 27.5% when compared with August’s $24.84 million and up 29.8% when compared with September a year ago. At $228.66 million, 2010 year-to-date was 36.0% higher than the comparable figure a year ago.
USMTC Report FAQs
What is the USMTC Report?
The United States Manufacturing Technology Consumption (USMTC) Report, measures manufacturing technology net new orders every month based on gross order and cancellation data collected from America’s distributors and builders of manufacturing technology. The report provides national U.S. consumption data of domestic and imported machine tools and related equipment, as well as on a regional basis for five geographic breakdowns of the United States. These orders include both domestically produced manufacturing technology and products that have some non-U.S. content, but have some work added domestically. Increases in dollar volume of manufacturing technology orders show that more manufacturing work on the end product is occurring in the U.S.
What is Manufacturing Technology?
Manufacturing technology encompasses everything between raw materials and finished product. Manufacturing technology turns raw materials such as steel, iron, plastic, ceramics, composites, and alloys from their original shape as stock materials into what will become durable goods such as airplanes, cars, and appliances we use every day.
Why is the USMTC Important?
Analysis of manufacturing industries investment levels in capital metalworking equipment to increase capacity and improve productivity has historically provided a reliable leading economic indicator for the recovery or softening of America’s industrial base.
Manufacturing technology orders are truly an indication of the vitality of America’s industrial base. Changes in orders are a confirmation of recovery, often establishing an upturn or downturn long before the traditional indicators identify a recovery in full bloom.
By collecting data from distributors and builders are orders reported twice?
Duplications are eliminated using a software program that identifies orders sold to the same customer. Non-U.S. builders who sell into this market are included and the data reported in the USMTC Report represents more than 65% of the U.S. manufacturing technology market and nearly 80% of the market.
Who “owns the USMTC Report?
The report is jointly compiled by AMT – The Association For Manufacturing Technology and the AMTDA – The American Machine Tool Distributors’ Association, both of whom represent the production and distribution of manufacturing technology