Manufacturing technology consumption in the United States totaled $322.68 million in June, according to the Association for Manufacturing Technology and the American Machine Tool Distributors Association.
The total is up 26 percent from the same month last year.
The associations reported that the year to date total is $1.7 billion, up 23.9 percent compared with 2005.
"Since the (economic) recovery began in November 2003, orders have grown steadily, punctuated by June's 27 percent increase over 2005," said John B. Byrd III, AMT president. "Counter to concerns that the 32-month expansion is ready to turn, the market is still 3 percent lower than its 1997 peak. There is still a lot of room to grow."
Manufacturing technology consumption in Northeast U.S. during June stood at $43.35 million, down 10.3 percent when compared with May's $48.34 million, but 20.9 percent higher than the total for June a year ago. The year-to-date total of $260.53 million was up 22.8 percent when compared with 2005 at the same time.
June manufacturing technology consumption rose to $47 million, up 19.1 percent from May's $39.46 million and 47.7 percent higher than the June 2005 total. At $246.66 million, the year-to-date total was 4 percent higher than the comparable figure in 2005.
Totaling $97.91 million, June Midwestern consumption was level with May's $97.85 million and up 9.7 percent from the previous June. Year-to-date consumption stood at $531.40 million, 7.4 percent higher than the comparable figure for 2005.
Activity in the Central region rose to $88.08 million, up 6.9 percent from May's $82.37 million and 51.5 percent higher than the June total in 2005. With a year-to-date total of $459.20 million, 2006 was running 56.3 percent ahead of 2005 at the same time.
At $46.32 million, the West was down 17.4 percent when compared with May's $56.10 million, but 17 percent higher than the June 2005 total. Year-to-date 2006 consumption totaled $276.69 million, 42.3 percent ahead of 2005 at the same time.
Manufacturing consumption up 23 percent
October 1, 2006