The 2020 Mid-Year Economic Update_long

Machine Tool Consumption Up 24% in First Half of 2006

June U.S. manufacturing technology consumption totaled $322.68 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 down 0.4 percent from May but up 26.7 percent from the total of $254.74 million reported for June 2005.


With a year-to-date total of $1,774.48 million, 2006 was up 23.9 percent compared with 2005.


These numbers and all data in this report are based on totals of data reported by companies participating in the USMTC program.


“Since the recovery began in November 2003, orders have grown steadily, punctuated by June’s 27 percent increase over June 2005,” said John B. Byrd III, AMT president. “Counter to concerns that the 32-month expansion is ready to turn, the market is still 35 percent lower than its 1997 peak. There is still a lot of room to grow.”


The U.S. 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. 


U.S. machine tool consumption is also reported on a regional basis for five geographic breakdowns of the United States.


Northeast Region
Northeast Region manufacturing technology consumption in June stood at $43.35 million, down 10.3 percent when compared with May’s $48.34 million, but 20.9 percent higher than the total for June a year ago. The year-to-date total of $260.53 million was up 22.8 percent when compared with 2005 at the same time.


Southern Region
June manufacturing technology consumption in the Southern Region rose to $47.01 million, up 19.1 percent from May’s $39.46 million and 47.7 percent higher than the June 2005 total. At $246.66 million, the year-to-date total was 4.0 percent higher than the comparable figure in 2005.


Midwestern Region
Totaling $97.91 million, June Midwestern Region manufacturing technology consumption was level with May’s $97.85 million and up 9.7 percent from the previous June. Year-to-date 2006 consumption stood at $531.40 million, 7.4 percent higher than the figure for 2005.


Central Region
June manufacturing technology consumption in the Central Region rose to $88.08 million, up6.9 percent from May’s $82.37 million and 51.5 percent higher than the June total in 2005. With a year-to-date total of $459.20 million, 2006 was running 56.3 percent ahead of 2005 at the same time.


Western Region
At $46.32 million, June manufacturing technology consumption in the Western Region was down 17.4 percent when compared with May’s $56.10 million but 17.0 percent higher than the June 2005 total. Year-to-date 2006 consumption totaled of $276.69 million, 42.3 percent ahead of 2005 at the same time.

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