The 2020 Mid-Year Economic Update_long

June Machine Tool Consumption up 5.1%

June U.S. manufacturing technology consumption totaled $347.70 million, according to The Association For Manufacturing Technology and the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC program, was up 5.1% from May, and up 0.4% from the total of $346.47 million reported for June 2006. With a year-to-date total of $1,982.52 million, 2007 was up 7.7% compared with 2006.
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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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Through the first half of this year, manufacturers have continued to increase purchases of advanced production equipment," said John B. Byrd III, AMT President. "These strategic investments ...

June U.S. manufacturing technology consumption totaled $347.70 million, according to The Association For Manufacturing Technology and the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was up 5.1% from May, and up 0.4% from the total of $346.47 million reported for June 2006. With a year-to-date total of $1,982.52 million, 2007 was up 7.7% compared with 2006.
&nbsp ;
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
&nbsp ;
Through the first half of this year, manufacturers have continued to increase purchases of advanced production equipment,” said John B. Byrd III, AMT President. “These strategic investments contribute to continuing U.S. economic growth by increasingly competitive U.S. manufacturing firms.”
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The U.S. 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.&nbsp ;
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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.
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U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the U.S.
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Northeast Region
June manufacturing technology consumption in the Northeast Region rose to $68.40 million, 21.3% higher than May’s $56.41 million and up 39.7% when compared with June a year ago. The year-to-date total of $331.86 million was up 20.5% when compared with 2006 at the same time.

Southern Region
Southern Region manufacturing technology consumption in June totaled $47.51 million, down 10.4% from May’s $53.02 million and down 2.6% when compared with last June. The year-to-date total of $258.74 million was 1.8% more than the comparable figure in 2006.

Midwestern Region

Manufacturing technology consumption in the Midwestern Region in June totaled $100.16 million, up 2.5% from May’s $97.69 million but 8.4% less than the total for June 2006. With a year-to-date total of $559.82 million, 2007 was level with 2006 at the same time.

Central Region

Central Region manufacturing technology consumption in June stood at $76.58 million, 13.2% less than the $88.24 million total for May and down 14.1% when compared with June a year ago. At $530.26 million, the 2007 year-to-date total was 13.3% higher than the comparable figure for 2006.

Western Region
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At $55.04 million, Western Region manufacturing technology consumption in June was up 55.6% when compared with the $35.37 million tallied in May and 9.5% higher than the June 2006 total. Compared with 2006 at the same time, the year-to-date total of $301.85 million was up 6.1%.

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