June Manufacturing Technology Consumption Up 5.1 percent

Aug. 27, 2007

U.S. manufacturing technology consumption for the month of June totaled $347.70 million, up 5.1 percent from May, and up 0.4 percent from the total of $346.47 million for June 2006, said the latest U.S. Manufacturing Technology Consumption report (www.usmtc.com). . The USMTC is a joint statistical program of the American Machine Tool Distributors Association (AMTDA) and the Association for Manufacturing Technology (AMT). With a year-to-date total of $1,982.52 million, 2007 was up 7.7 percent compared with the same period in 2006.

“Through the first half of this year, manufacturers have continued to increase purchases of advanced production equipment,” said John B. Byrd III, AMT president, in a prepared statement. “These strategic investments contribute to continuing U.S. economic growth by increasingly competitive U.S. manufacturing firms.”

On a regional basis, the Western region showed the largest jump in June manufacturing technology consumption, up 55.6 percent to $55.04 million, when compared with the $35.7 million in May. The YTD total of $301.85 million was up 6.1 percent over the same period for 2006.

The Northeast region showed June’s manufacturing technology consumption rose to $68.40 million, 21.3 percent higher than May’s $56.41 million, and up 39.7 percent when compared with June a year ago. The YTD total of $331.86 million was up 20.5 percent when compared with the same period in 2006.

Southern region’s manufacturing technology consumption total reaching $47.51 million, down 10.4 percent from May’s $53.02 million. The YTD total of $258.74 million was only 1.8 percent more than the comparable figure in 2006. The Central region’s manufacturing technology consumption stood at $76.58 million, down 13.2 percent from the $88.24 million total for May, and down 14.1 percent when compared to June 2006. However, the YTD total for the Central region was 13.3 percent higher than the comparable figure for 2006.

Manufacturing technology consumption in the Midwestern region in June totaled $100.16 million, up 2.5 percent from May’s $97.69 million but 8.4 percent less than the total for June 2006. With a YTD total of $559.82 million, 2007 was level with 2006 for the same period.