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These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
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"Cautious spending on manufacturing technology in January and February pushed higher levels of investment into the later part of the first quarter, propping up March results," said Douglas K. Woods, AMT president. "While April dipped slightly as compared to March, the level of activity was more than 100 percent better than a year ago. We expect this investment level to be more typical as the year progresses, reflecting manufacturers' continued cautious optimism."
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.
With a total of $33.90 million, Northeast Region manufacturing technology consumption in April was 6.3 percent less than March's $36.18 million but 39.8 percent more than last April's total. The year-to-date total of $122.90 million was 19.7 percent above the comparable figure in 2009.
April manufacturing technology consumption in the Southern Region stood at $28.68 million, down 36.0 percent when compared with the $44.80 million total for March but up 109.1 percent when compared with April a year ago. The $122.05 million year-to-date total was 76.7 percent higher than the total for the same period in 2009.
At $57.97 million, April manufacturing technology consumption in the Midwest Region was down 26.7 percent from March's $79.08 million but up 82.2 percent when compared with April a year ago. The $217.40 million year-to-date total was 41.7 percent more than the 2009 total at the same time.
Totaling $73.20 million, Central Region manufacturing technology consumption in April rose 8.2 percent when compared with March's $67.65 million and was 185.6 percent above the total for last April. At $221.36 million, 2010 year-to-date was 73.2 percent higher than the comparable figure a year ago.
Western Region manufacturing technology consumption in April totaled $28.62 million, a drop of 19.9 percent when compared with the $35.74 million tallied in March but up 100.4 percent when compared with April 2009. With a year-to-date total of $99.32 million, 2010 was up 48.2 percent when compared with 2009 at the same time.