Manufacturing News

US machine tool consumption rose 22% in June

US manufacturing technology consumption totaled $US135.85 million in June, according to a joint statistical program conducted by AMT – The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association.

The consortium says companies participating in the USMTC program increased their purchases of machine tools and related equipment by 22.0% over the May 2009 total.

However, the latest figure is down 69.2% from the total of $US440.55 million reported for June 2008. Year-to-date totals for machine tool consumption now stand at $US759.03 million, meaning 2009 is down 70.1% versus the first six months of 2008.

“Despite the lack of government programs designed to specifically stimulate smaller manufacturers, the bottom to this business cycle may be in sight,” according to 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.”

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