Manufacturing technology consumption up 188%
March 14, 2011 -January U.S. manufacturing technology consumption totaled $371.41 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 16.3% from December but up 188.3% when compared with the total of $128.82 million reported for January 2010.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“Despite the slight decline in orders from December, the January USMTC report confirms that U.S. manufacturers are reinvesting vigorously to improve productivity,” said Peter Borden, AMTDA President. “As equipment deliveries grow longer and commodity prices increase, factories may continue to make these investments before inflation and other factors raise prices further.”
The United States Manufacturing Technology Consumption (USMTC) report, jointly compiled by the two trade associations representing the production and distribution of manufacturing technology, 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 productivity.
U.S. manufacturing technology consumption is also reported on a regional basis for five geo-graphic breakdowns of the United States.
Manufacturing technology consumption in the Northeast Region in January stood at $49.21 million, down 25.6% from December’s $66.13 million but up 92.4% when compared with the January 2010 total.
Southern Region manufacturing technology consumption totaled $53.90 million in January, up 18.7% when compared with December’s $45.42 million and up 96.5% when compared with the total for January 2010.
At $124.07 million, January manufacturing technology consumption in the Midwest Region was 24.5% lower than December’s $164.32 million but up 224.6% when compared with last January.
January manufacturing technology consumption in the Central Region totaled $99.66 million, down 13.1% from December’s $114.68 million but 283.3% higher than the January 2010 total.
Western Region manufacturing technology consumption in January stood at $44.58 million, 16.4% lower than December’s $53.30 million but 284.1% higher than the tally for the previous January.
MORE INDUSTRY NEWS
Rockwell to showcase solutions for Water and Wastewater Facilities at WEFTEC 2016
Featuring its PlantPAx platform, Rockwell Automation will demonstrate process and automation solutions for efficient process control, monitoring...
Siemens donates automation technology to support Georgia’s THINC College & Career Academy
The donation of $100,000 in automation hardware and expert training will help support career pathways for high school students in manufacturing and...
Siluria names Erik Scher as Chief Operations Officer
As COO, Dr. Scher is responsible for the company's operating activities, including its OCM demonstration plant in Texas and multiple pilot plants...
ABB announces NKT Cables acquisition of ABB's cable system business
NKT Cables is acquiring ABB’s global high-voltage cable system business with a total value of 836 million euros (US$934 million). The business is...
IMTS concludes as third largest in their history
IMTS 2016, the 31st edition of the show, was the third largest in number of registrations (115,612) and in net square feet of exhibit space...
Webinar: Increase Production and Optimize Manufacturing Processes Using Simulation
The webinar will show how engineers, production managers, and decision makers can rapidly assess the options for adapting an existing line to make...
Webinar: Digitalizing Predictive Maintenance
Learn how new technological advances are resolving not only these issues but also allowing for new value to be realized through the digitalization...
Bedrock provides SCADA RTU platform for Clarksville Light and Water
The project is part of Clarksville, Arkansas' plan to save up to $2M over the next five years through improved control, monitoring, and security of...
GE Digital software boosts connectivity in Brazilian steel plant
Gerdau has decided to rollout GE Digital’s Asset Performance Management (APM) solution to connect 600 assets in 11 plants across Brazil.
Key Ingredients for Designing Smart Machines and Equipment
By Dan Seger, Rockwell Automation
Today in the era of smart manufacturing, end users want to optimize their production and supply chain by...