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October U.S. manufacturing technology consumption totaled $368.62 million, according to AMT - The Association for Manufacturing Technology, and AMTDA, the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC program, was down 9.9% from September, but up 41.4% from the total of $260.60 million reported for October 2005. With a year-to-date total of $3,188.07 million, 2006 was up 27.9% compared with 2005.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
"It has been two years since there has been two consecutive months with year-over-year growth as strong as this September and October," says John B. Byrd III, AMT president. "This indicates that manufacturing technology equipment order growth is accelerating, not slowing."
The United States Machine Tool 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 machine tool consumption provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
U.S. machine tool consumption is also reported on a regional basis for five geographic break-downs of the United States.
October manufacturing technology consumption in the Northeast Region totaled $48.98 million, down 15.4% from September's $57.92 million, but up 39.5% when compared with October 2005. At $463.28 million, year-to-date consumption was 36.8% higher than the comparable total in 2005.
Totaling $38.11 million, Southern Region manufacturing technology consumption in October was 8.6% below September's $41.70 million, but 3.6% above the October 2005 figure. Year-to-date consumption rose to $410.06 million, 2.6% higher than the comparable figure a year ago.
With an October total of $142.29 million, Midwestern Region manufacturing technology consumption was up 12.2% when compared with September's $126.77 million and up 74.7% when compared with the October 2005 total. The year-to-date $1,004.79 million total was 13.3% higher than the 2005 tally at the same time.
Central Region manufacturing technology consumption in October stood at $85.46 million, down 28.9% from the previous month's $120.17 million, but 22.5% higher than the October 2005 total. The $819.91 million tallied year-to-date beat the 2005 total by 54.8%.
At $53.78 million, the October tally in the Western Region was 13.8% less than the $62.37 million for September, but 43.6% ahead of the October 2005 total. At $490.03 million, year-to-date consumption was 45.5% higher than the comparable figure in 2005.
Economic indicators at MDM's Databank.
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