Manufacturing technology consumption up 138.1% year-over-year

U.S. manufacturing technology consumption totaled $329.43 million, down 10.9% from January 2011, up 99.3% from February 2010.

04/11/2011


February U.S. manufacturing technology consumption totaled $329.43 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 10.9% from January but up 99.3% when compared with the total of $165.31 million reported for February 2010. With a year-to-date total of $699.16 million, 2011 is up 138.1% compared with 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.

“The dramatic year-over-year growth further underscores the manufacturing renaissance that is taking place,” said Douglas K. Woods, President of AMT. “As February is a short month, the slight decline from January is to be expected, but the overall gains compared with February 2010 point to our belief that 2011 will be a strong year for the industry.”

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.

Northeast Region

Northeast Region manufacturing technology consumption in February stood at $55.16 million, 10.6% higher than January’s $49.86 million and 104.4% higher than the tally for the previous February. With a year-to-date total of $105.03 million, 2011 is up 310.7% when compared with 2010.

Southern Region

Manufacturing technology consumption in the Southern Region in February stood at $34.35 million, down 36.0% from January’s $53.66 million but up 73.1% when compared with the February 2010 figure. The $88.01 million year-to-date total is 85.8% more than the total for the same period in 2010.

Midwest Region

Midwest Region manufacturing technology consumption totaled $112.90 million in February, up slightly when compared with January’s $112.47 million and up 161.2% when compared with the total for February 2010. At $225.38 million, 2011 year-to-date is up 178.8% when compared with last year at the same time.

Central Region

At $97.49 million, February manufacturing technology consumption in the Central Region was 11.3% lower than January’s $109.91 million but up 88.3% when compared with last February. The year-to-date total of $207.40 million is 166.5% more than the comparable figure for 2010.

Western Region

February manufacturing technology consumption in the Western Region totaled $29.52 million, down 32.6% from January’s $43.82 million but 25.7% higher than the February 2010 total. With a year-to-date total of $73.34 million, 2011 is up 109.0% when compared with 2010 at the same time.

www.amtonline.org

The Association For Manufacturing Technology

- Edited by Gust Gianos, Plant Engineering, www.plantengineering.com



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me