ROCKVILLE, Md. -- October U.S. manufacturing technology consumption totaled $152.68 million, according to the Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors’ Association (AMTDA). The total was down 2.8 percent from September, and down 49 percent from October 2008.
“In November, government data confirmed that the manufacturing recession hit bottom during the summer. However, manufacturing technology bookings typically pick up 2-3 quarters following the overall manufacturing sector,” said Douglas K. Woods, AMT President. “October’s slight decrease from September’s booking is typical of past years and favorably off less than in previous years. Major indicators are still pointing to a turnaround in business, which is welcome news no matter how slow it is expected to grow next year.”
By region, technology consumption in the Northeast was down 29.2 percent from September to $26.27 million. At $268.46 million, the current year-to-date total is down 54.1 percent from 2008.
In the South, technology consumption totaled $21.12 million, up 53.5 percent from September, but down 36.7 percent from October 2008. The year-to-date total of $187.88 million is 69 percent less than 2008.
October manufacturing technology consumption in the Midwest was $47.40 million, down 51.9 percent from last October. The year-to-date total of $394.24 million is 70.5 percent less than 2008.
Central region manufacturing technology consumption rose 3.2 percent from September to $35.27 million, but was down 58.5 percent when compared to October 2008. At $330.02 million, the year-to-date total is down 67.7 percent from 2008.
In the West, consumption totaled $22.62 million, down 7.3 percent from September, and down 39 percent from last October. The year-to-date total of $191.71 million is down 59.5 percent from last year.