The 2020 Mid-Year Economic Update_long

July Machine Tool Consumption Up 24.4% Year-to-Date

July U.S. manufacturing technology consumption totaled $278.47 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT, The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 14.6% from June but up 26.5% from the total of $220.21 million reported for July 2005. With a year-to-date total of $2,056.10 million, 2006 was up 24.4% 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.


“July was well ahead of the year-ago month and also up almost 25 percent for the year to date,” said John J. Healy, AMTDA President. “Continued strength can be expected as a result of the trends that historically follow the International Manufacturing Technology Show in Chicago in September.”


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.


Northeast Region
July manufacturing technology consumption in the Northeast Region stood at $38.97 million,16.7% less than June’s $46.75 million, but up 52.4% when compared with July 2005. Year-to-date consumption of $302.90 million was 27.4% ahead of the comparable figure for 2005.


Southern Region
Southern Region manufacturing technology consumption in July totaled $32.10 million, down 31.7% from June’s $47.01 million and 23.5% less than the July 2005 total. At $278.77 million, the year-to-date total was level with the comparable figure in 2005.


Midwestern Region
At $109.45 million, July Midwestern Region manufacturing technology consumption was 11.5%higher than June’s $98.12 million and 44.2% higher than the July 2005 total. Year-to-date 2006 consumption rose to $640.85 million, 12.3% more than the comparable figure for 2005.


Central Region style=”COLOR: teal; mso-bidi-font-weight: bold”>
Totaling $66.48 million, July manufacturing technology consumption in the Central Region was24.4% less than the $87.91 million tallied in June, but up 44.4% when compared with July a year ago. With a year-to-date total of $525.51 million, 2006 was running 54.7% ahead of 2005 at the same time.


Western Region
Manufacturing technology consumption in the Western Region in July totaled $31.47 million, down 31.9% when compared with June’s $46.23 million, but 2.4% higher than the July 2005 total. At $308.07 million, year-to-date 2006 consumption was 36.8% ahead of 2005 at the same time.

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