U.S. Machine Tool Consumption Jumps by 85 Percent in 2010

U.S. manufacturing technology consumption totaled $446.76 million in December, according to a report released on Feb. 14 by The Association For Manufacturing Technology (AMT, www.amtonline.org) and the American Machine Tool  Distributors’ Association (AMTDA, www.amtda.org). This total, which covers U.S. consumption data of domestic and imported machine tools and related equipment, was up by 40.9 percent from November and up by 104.8 percent when compared with the total of $218.16 million reported for December 2009. With consumption totaling of $3.2 billion for the entire year, 2010 was up 85.3 percent compared to 2009, the associations said.

The numbers in the report are based on the totals of actual data reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) program, jointly compiled by the two trade associations.

“For the first time in USMTC history, we experienced four months of consecutive growth following IMTS (the Sept. 13-18 International Manufacturing Technology Show), ending the year on a solid upswing,” said Douglas K. Woods, President of AMT. “With backlogs firming and quotation levels accelerating, we are very optimistic that the industry will see strong results in 2011.”  American Machine Tool Distributors Associationwww.amtda.orgThe Association For Manufacturing Technologywww.amtonline.org