September manufacturing technology consumption up 66.1%
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
“September 2010 was a watershed in the recovery from the recession of 2008-9. The 1,992 units sold this month is the highest number since September of 2008 and demonstrates the resilience and staying power of the U.S. manufacturing base,” said Peter Borden, AMTDA President. “More remarkably, this was done while many factories are running below the capacity levels that require capital goods purchases, despite the tight credit, and in spite of questions about government debt and potential tax increases. The catalysts of the successful IMTS, the weaker dollar, and the passage of bonus depreciation paid surprising and long awaited dividends.”
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 geographic breakdowns of the United States.
Manufacturing technology consumption in the Northeast Region in September stood at $64.44 million, 66.3% higher than August’s $38.76 million and 77.3% above the September 2009 total. The year-to-date total of $362.73 million was 53.4% more than the comparable figure for 2009.
September manufacturing technology consumption in the Southern Region totaled $66.85 million, up 119.9% when compared with the $30.40 million total for August and up 389.4% when compared with September a year ago. The $308.65 million 2010 year-to-date total was 86.4% higher than the total for the same period last year.
At $121.80 million, September manufacturing technology consumption in the Midwest Region was 49.0% more than August’s $81.75 million and up 157.6% when compared with last Sep-tember. The $629.19 million 2010 year-to-date total was 84.4% above the 2009 total at the same time.
Manufacturing technology consumption in the Central Region in September stood at $114.99 million, 77.0% more than the August total of $64.95 million and 238.3% higher than the total for September 2009. With a year-to-date total of $561.03 million, 2010 was up 94.0% when compared with 2009 at the same time.
With a total of $31.68 million, September Western Region manufacturing technology con-sumption was up 27.5% when compared with August’s $24.84 million and up 29.8% when compared with September a year ago. At $228.66 million, 2010 year-to-date was 36.0% higher than the comparable figure a year ago.
MORE INDUSTRY NEWS
Allied Electronics announces expansion into South America
The Santiago-based Allied Chile office is the first in South America. Allied Electronics will continue to expand in this region in the next 12 to...
HCC Embedded announces acquisition of InterNiche Technologies
HCC provides data storage and communications software solutions that keep IoT data secure, encrypted, reliable, and fast. InterNiche is known for...
Baumer announces new German facility to open in 2017
In addition to a central logistics center for Europe, a high-tech center for research & development and production is being built. The investment...
Electronic Technicians Association announces winners of Telecommunications Cabling Championship
Unique to SkillsUSA, the Telecommunications Cabling Championship utilizes many of the competencies and hands-on skills that make up ETA...
FANUC America announces Mike Cicco as President and CEO
Cicco joined FANUC in 1999 and has held a variety of management positions. As President and CEO, Cicco will have responsibility for all of the...
Energy efficiency is the focus of Fluid Power Track at IMTS 2016
Senior level discussions about the latest innovations in hydraulics and pneumatics equipment utilized to lower manufacturers’ energy consumption...
Surlean Foods chooses noax' industrial hardware for weighing and packaging in custom-food...
To meet customers’ complex custom-batch processing requirements, Surlean Foods chose noax industrial touchscreen computers to support their...
ISA publishes second edition Industrial Automation and Control System Security Principles
The title of the second edition—Industrial Automation and Control System Security Principles: Protecting the Critical Infrastructure—was...
10 Things You Need to Know About Precision Displacement Measurement
Chris Jones, Managing Director at Micro-Epsilon UK, outlines the 10 most important factors to consider before purchasing a non-contact displacement...
Emerson helps launch waste-to-energy plant in Poland
Emerson automation experts provided control system design, engineering and commissioning services that were critical to the successful and...