MCLEAN, Va. — Manufacturing technology consumption rose 26.6 percent to $347.25 million in August, according to the Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors’ Association (AMTDA).
The year-to-date total of $2,609.41 million is 6.2 percent higher than 2006 levels.
“Machine tool orders have outpaced last year’s results due in part to the decline in the dollar’s strength, which is making manufacturing in the U.S. more competitive,” said John B. Byrd III, AMT President. “However, it may be difficult to sustain the current growth rate through year end due to the very strong activity during and shortly following IMTS 2006.”
By region, the Northeast saw an increase of 29.1 percent over July and a 7.5 percent increase over August 2006. The year-to-date total of $421.03 million is 15.4 percent higher than 2006.
At $46.52 million, the South saw a 7.4 percent increase over July and a 3.8 percent increase over August 2006. They $349.36 million year-to-date total is 4.1 percent higher than 2006.
In the Midwest, technology consumption reached $105.45 million, up 18.2 percent over July and up 30.6 percent over August 2006. At $754.53 million, the year-to-date total is 0.2 percent lower than 2006.
Technology consumption in the Central region totaled $99.97 million, up 42.2 percent from July and up 14.6 percent over August 2006. The year-to-date total of $708.63 million was up 13.4 percent over 2006.
In the West, technology consumption reached $45.11 million, an increase of 38.2 percent from July and down 20.9 percent from August 2006. At $375.86 million, the year-to-date total was up 0.2 percent from 2006.
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