October Machine Tool Consumption Up 28% YTD
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 ...