The 2020 Mid-Year Economic Update_long

Machine Tool Consumption Down 12% From October


November U.S. manufacturing technology consumption totaled $335.02 million, according to AMTDA, the American Machine Tool Distributors' Association, and AMT - The Association for Manufacturing Technology.


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This total, as reported by companies participating in the USMTC program, was down 12.3% from October, but up 32.7% from the total of $252.38 million reported for November 2005. With a year-to-date total of $3,549.90 million, 2006 was up 29.4% compared with 2005.


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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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Though below the exceptional September peak, the November results continue to show strong purchases of advanced ...

November U.S. manufacturing technology consumption totaled $335.02 million, according to AMTDA, the American Machine Tool Distributors’ Association, and AMT – The Association for Manufacturing Technology.


&nbsp ;


This total, as reported by companies participating in the USMTC program, was down 12.3% from October, but up 32.7% from the total of $252.38 million reported for November 2005. With a year-to-date total of $3,549.90 million, 2006 was up 29.4% compared with 2005.


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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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Though below the exceptional September peak, the November results continue to show strong purchases of advanced manufacturing technology equipment, says John J. Healy, AMTDA president. This is a positive sign for the health of U.S. manufacturing industries in the years to come.”


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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.&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. machine tool consumption is also reported on a regional basis for five geographic break-downs of the U.S.


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Northeast Region
With a November total of $57.88 million, manufacturing technology consumption in the Northeast Region was up 13.9% from October’s $50.80 million and 53.0% higher than in November 2005. At $527.03 million, year-to-date consumption was 40.0% higher than the comparable total in 2005.


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Southern Region
November manufacturing technology consumption in the Southern Region stood at $32.94 million, down 14.3% from October’s $38.44 million and down 22.7% when compared with last November. Year-to-date consumption was $443.93 million, level with the comparable figure a year ago.


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Midwestern Region
Midwestern Region manufacturing technology consumption in November totaled $101.66 million, 31.1% less than October’s $147.62 million, but 50.9% higher than the November 2005 tally. At $1,116.12 million, the year-to-date total was 17.0% higher than the comparable figure in 2005.


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Central Region
At $99.53 million, November Central Region manufacturing technology consumption was 10.1% higher than October’s $90.41 million and 47.3% higher than the November 2005 total. The $928.64 million tallied year-to-date beat the 2005 total by 55.5%.


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Western Region
November manufacturing technology consumption in the Western Region stood at $43.01 million, 21.7% less than October’s $54.92 million, but 16.3% higher than the November 2005 figure. At $534.18 million, year-to-date consumption was 42.9% higher than the comparable figure in 2005.


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Economic indicators at MDM’s Databank.



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