Manufacturing Companies Increase Spending on Technology

In June purchases rose 35.8%.

June U.S. manufacturing technology consumption totaled $241.47 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors Association.

This total was up 35.8% from May and up 71.1% from the total of $141.12 million reported for June 2009. With a year-to-date total of $1,207.60 million, 2010 is up 56.1% compared with 2009.

"Typically, manufacturing technology order rates slow down in the months leading up to the
International Manufacturing Technology Show-- IMTS (Sept. 13-18, McCormick Place, Chicago, Ill.), the largest production technology show in the Americas," said Douglas K. Woods, AMT president. "However, increased foreign direct investment and a doubling of orders in aerospace and construction equipment through the first half 2010 resulted in an acceleration of USMTC orders rather than the typical slow down."

With a total of $51.45 million, June Northeast Region manufacturing technology consumption was up 52.3% when compared with Mays $33.78 million and up 90.8% when compared with June a year ago. At $210.61 million, 2010 year-to-date was 33.2% higher than the comparable figure a year ago.

Southern Region manufacturing technology consumption in June stood at $34.50 million, 18.5% higher than the $29.12 million total for May and 36.5% higher than the June 2009 total. With a year-to-date total of $188.98 million, 2010 was up 75.0% when compared with 2009 at the same time.

At $72.80 million, Midwest Region manufacturing technology consumption in June rose 69.3% when compared with Mays $43.00 million and was 82.8% higher than last Junes total. The year-to-date total of $335.11 million was 51.4% more than the comparable figure for 2009.

June manufacturing technology consumption in the Central Region totaled $57.15 million, up 7.1% when compared with the $53.35 million total for May and up 96.9% when compared with June a year ago. The $329.30 million 2010 year-to-date total was 85.3% higher than the total for the same period last year.

At $25.58 million, June manufacturing technology consumption in the Western Region was up 37.5% from Mays $18.60 million and up 27.6% when compared with last June. The $143.61 million year-to-date total was 32.8% more than the 2009 total at the same time.

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