McLean, VA — August 10, 2009 — U.S. manufacturers opened up their wallets and boosted their investments in technology as the second quarter of the year ended, but spending on IT in 2009 is still down markedly from last year, according to the latest United States Manufacturing Technology Consumption (USMTC) report.
The report for June, issued by AMT -The Association For Manufacturing Technology and the American Machine Tool Distributors' Association (AMTDA), showed that June U.S. manufacturing technology consumption totaled $135.85 million.
This total, as reported by companies participating in the USMTC program, was up 22.0 percent from May but down 69.2 percent from the total of $440.55 million reported for June 2008. With a year-to-date total of $759.03 million, 2009 is down 70.1 percent compared with 2008.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
"Despite the lack of government programs designed to specifically stimulate smaller manufacturers, the bottom to this business cycle may be in sight," said Douglas K. Woods, president of AMT. "With total manufacturing technology orders showing positive growth for the second month in a row, we are hopeful that the end is near to the worst single year decline in our industry's history."
The 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, according to AMT.
U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States. June manufacturing technology consumption in the Northeast Region totaled $26.78 million, 6.0 percent less than the $28.48 million tally for May and off 56.3 percent when compared with June a year ago. The $154.78 million year-to-date total is down 56.7 percent when compared with the same period in 2008.
Southern Region manufacturing technology consumption in June rose to $25.16 million, 85.6 percent higher than May's $13.56 million, but 67.9 percent lower than the total for June 2008. At $106.78 million, 2009 year-to-date is off 74.1 percent when compared with last year at the same time. In the Midwest Region, with a $36.07 million total, June manufacturing technology consumption was up 29.0 percent when compared with the $27.96 million total for May, but down 74.7 percent when compared with June 2008. The year-to-date total of $216.13 million represents a 74.9 percent drop from the comparable figure for 2008.
Central Region manufacturing technology consumption in June rose to $28.70 million, up 39.3 percent when com-pared with May's $20.60 million but 72.8 percent less than the June 2008 total. With a year-to-date total of $175.60 mil¬lion, 2009 is down 70.7 percent when compared with 2008 at the same time. In the Western Region, at $19.13 million, June manufacturing technology consumption was down 7.9 percent from the $20.77 million total for May and down 63.8 percent when compared with June 2008. The $105.74 million year-to-date total is 65.5 percent less than the comparable figure for 2008.
More information on the report can be found here.
Source: United States Manufacturing Technology Consumption Report from AMT - The Association For Manufacturing Technology and the American Machine Tool Distributors' Association, issued August 10, 2009.
The report for June, issued by AMT -The Association For Manufacturing Technology and the American Machine Tool Distributors' Association (AMTDA), showed that June U.S. manufacturing technology consumption totaled $135.85 million.
This total, as reported by companies participating in the USMTC program, was up 22.0 percent from May but down 69.2 percent from the total of $440.55 million reported for June 2008. With a year-to-date total of $759.03 million, 2009 is down 70.1 percent compared with 2008.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
"Despite the lack of government programs designed to specifically stimulate smaller manufacturers, the bottom to this business cycle may be in sight," said Douglas K. Woods, president of AMT. "With total manufacturing technology orders showing positive growth for the second month in a row, we are hopeful that the end is near to the worst single year decline in our industry's history."
The 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, according to AMT.
U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States. June manufacturing technology consumption in the Northeast Region totaled $26.78 million, 6.0 percent less than the $28.48 million tally for May and off 56.3 percent when compared with June a year ago. The $154.78 million year-to-date total is down 56.7 percent when compared with the same period in 2008.
Southern Region manufacturing technology consumption in June rose to $25.16 million, 85.6 percent higher than May's $13.56 million, but 67.9 percent lower than the total for June 2008. At $106.78 million, 2009 year-to-date is off 74.1 percent when compared with last year at the same time. In the Midwest Region, with a $36.07 million total, June manufacturing technology consumption was up 29.0 percent when compared with the $27.96 million total for May, but down 74.7 percent when compared with June 2008. The year-to-date total of $216.13 million represents a 74.9 percent drop from the comparable figure for 2008.
Central Region manufacturing technology consumption in June rose to $28.70 million, up 39.3 percent when com-pared with May's $20.60 million but 72.8 percent less than the June 2008 total. With a year-to-date total of $175.60 mil¬lion, 2009 is down 70.7 percent when compared with 2008 at the same time. In the Western Region, at $19.13 million, June manufacturing technology consumption was down 7.9 percent from the $20.77 million total for May and down 63.8 percent when compared with June 2008. The $105.74 million year-to-date total is 65.5 percent less than the comparable figure for 2008.
More information on the report can be found here.
Source: United States Manufacturing Technology Consumption Report from AMT - The Association For Manufacturing Technology and the American Machine Tool Distributors' Association, issued August 10, 2009.
