McLEAN, Va. -- October U.S. manufacturing technology consumption totaled $273.85 million, down 43.4 percent from September and down 32.3 percent from October 2007, according to the Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors' Association (AMTDA). The year-to-date total of $3,802.41 million is up 8.2 percent over the same period in 2007.
"October orders for manufacturing technology declined sharply from September, although year-to-date figures are still up over 2007," said Robert K. Simpson, AMT President. "While orders typically fall off in the October following IMTS, the larger than normal rate of decline is attributed to our customers' 'wait and see' attitude given the deteriorating economic conditions. It's my hope that Congress heeds the warning and works with manufacturers to establish assistance programs that will revitalize industrial America."
By region, manufacturing technology consumption in the Northeast in October reached $39.72 million, down 47.7 percent from September, and down 40.9 percent from October 2007. The year-to-date total of $548.07 million is 0.2 percent above 2007.
In the South, consumption totaled $28.34 million, down 64.4 percent from September, and down 29.8 percent from last October. The $569.79 million year-to-date total is up 26.9 percent.
Manufacturing technology consumption in the Midwest was at $92.79 million, down 36.8 percent from September, and down 46.4 percent from last October. The year-to-date total of $1,281.55 million is up 10.7 percent when compared to the same period in 2007.
The Central Region's manufacturing technology consumption reached $77.95 million in October, down 41.5 percent from September, and down 11.1 percent from October 2007. At $950.83 million, the year-to-date total is up 5.3 percent from 2007.
Manufacturing technology consumption in the West totaled $35.05 million, down 27.2 from September, and down 2.9 percent from October 2007. The $452.17 million year-to-date total is down 1 percent from 2007.
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