July U.S. manufacturing technology consumption totaled $149.51 million, according to AMTDA, the American Machine Tool Distributors Association, and AMT - The Association For Manufacturing Technology.
This total was up 9.2% from June but down 55.3% from the total of $334.14 million reported for July 2008.
With a year-to-date total of $910.42 million, 2009 is down 68.3% compared with 2008.
"We are pleased to see a third consecutive monthly increase in machine tool sales which indicates that we appear to be past the bottom," said Peter Borden, AMTDA President."However, we are well aware that the number of units is still far less than half of what it was a year ago. We are hoping the recent uptick will pave the way to a more solid recovery in the fourth quarter and into 2010."