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January U.S. Manufacturing Technology Consumption Hits Seven-Year High

Research by AMTDA and AMT shows that consumption was up 9.8 percent to $297.48 million.

According to the American Machine Tool Distributors’ Association (AMTDA) and the Association for Manufacturing Technology (AMT), U.S. manufacturing technology consumption reached $297.48 million in January, a 9.8 percent decrease from December, but up 30.9 percent from the same period last year.

“While early forecasts for 2007 have suggested it is unlikely that growth in our industry’s sales will surpass the results of 2006, January has made an impressive start,” said John J. Healy, AMTDA President. “Results were well above year-ago levels in almost every region and were the highest for the month since 2000.”

U.S. Manufacturing Technology Consumption. For larger chart, click here.

Broken down by region, the Northeast technology consumption for January totaled $54.19 million, down 5.9 percent from $57.57 million in December, but 75.2 percent higher than January 2006’s $30.94 million.

In the South, consumption reached $32.03 million, a 41.1 percent decrease from December’s $54.39 million and down 12.7 percent from the $36.68 million in January 2006.

The Midwest saw $77.61 million, up 7.2 percent from the $72.39 million in December and an increase of 11.1 percent from January 2006’s $69.88 million.

Technology consumption for the Central region was $74.88 million, down 8.6 percent from December’s $81.91 million, but an increase of 41.9 percent from the $52.78 million for the same month 2006.

And in the West, consumption totaled $58.76 million, a decrease of 7.7 percent from December, but an increase of 59 percent over the $36.95 million in January 2006.

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