May’s Manufacturing Technology Consumption Up 7.5 Percent

McLEAN, Va. - May U.S. manufacturing technology consumption totaled $313.74 million, up 6.5 percent from April, but down 6.5 percent from the total of $335.52 million reported for May 2006. That’s according to the latest United States Manufacturing Technology Consumption (USMTC) report, a joint statistical program of the American Machine Tool Distributors’ Association and AMT - The Association For Manufacturing Technology.

 

With a year-to-date total of $1,606.13 million, the USMTC report shows 2007 up 7.5 percent compared with 2006.

 

These numbers and all data in the report are based on the totals of actual data reported by companies participating in the USMTC program.  The report provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment.

 

Analysis of manufacturing technology consumption provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve.

 

“Growth this year, while less robust than in 2006, has now stabilized in the high, single digit range,” said John J. Healy, AMTDA President. “In addition, each of the regions in the U.S. has shown growth in the first five months of 2007.”

 

U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States:

 

Northeast Region
Manufacturing technology consumption in the Northeast Region in May totaled $46.97 million, 4.4 percent less than April’s $49.12 million and 5.7 percent less than in May 2006. With a year-to-date total of $254.01 million, 2007 was running 12.2 percent ahead of 2006 at the same time.

 

Southern Region
May manufacturing technology consumption in the Southern Region rose to $51.38 million, 33.6 percent higher than the $38.45 million tallied in April and up 27.6 percent when compared with May a year ago. The year-to-date total of $209.00 million was 1.8 percent more than the comparable figure in 2006.
 
Midwestern Region
Midwestern Region manufacturing technology consumption in May stood at $95.92 million, up 17.9 percent when compared with April’s $81.34 million, but 7.4 percent less than the May 2006 total. At $453.71 million, year-to-date 2007 was 1.0 percent ahead of 2006 at the same time.

 

Central Region
At $83.79 million, May Central Region manufacturing technology consumption was 6.6 percent higher than April’s $78.60 million, but 1.9 percent less than the total for May 2006. The year-to-date tally of $442.06 million was 16.7 percent higher than the comparable figure for 2006.

 

Western Region
Western Region manufacturing technology consumption in May was $35.67 million, 24.0 percent less than April’s $46.94 million, and down 36.7 percent when compared with May 2006. With a year-to-date total of $247.35 million, 2007 was running 5.6 percent higher than at the same time in 2006.