March U.S. manufacturing technology consumption totaled $511.15 million according to the American Machine Tool Distributors' Association and The Association For Manufacturing Technology.
This total, as reported by companies participating in the USMTC program, was up 57.6% from February and up 99.0% when compared with the total of $256.88 million reported for March 2010.
With a year-to-date total of $1,203.57 million, 2011 is up 118.6% 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 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.
For the regional breakdowns, click here.