Manufacturing Technology Consumption Up 8.7% In 2007

Auto sector helped push consumption.

Compared to 2006, manufacturing technology consumption was up 8.7%. In April the total was $281.54 million according to The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association.

"Strength in the oil field and auto sectors has brought increased demand in the Central region of the country," said John B. Byrd III. "Through April this region has the greatest increase in consumption, bringing it into a tie with the traditional leader, the Midwest region."

On a regional basis the Northeastern region total was $44.27 million, 20.6% less than the $55.72 million tallied in March and 0.6% less than the total for April a year ago. The Southern region came in at $37.12 million, 17.6% less than March's $45.06 million, but 8.8% more than the April 2006 total. At $81.28 million, Midwestern Region manufacturing technology consumption in April was down 31.0% when compared with the $117.79 million total for March, but up 17.0% when compared with last April. While the Central region reported $77.40 million in April, 25.7% less than the $104.21 million tallied in March and down 4.4% when compared with April a year ago. The Western region totaled $41.48 million, 34.9% less than the $63.70 million total for March and 10.5% less than the April 2006 total.

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.

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