Machine tool consumption up again in June
ROCKVILLE, Md. - Machine tool consumption in June totaled $269 million, up 6.3 percent from the previous month, according to the Association for Manufacturing Technology and the American Machine Tool Distributors' Association.
Tool consumption for June is also up 0.9 percent from the same month last year. With year-to-date totals of $1.5 billion, 2005 was up 14.8 percent compared with 2004.
"The rebound of U.S. manufacturing, seen in many positive indicators over the past few weeks, is reflected also in the continued gains this year for business investment in advanced manufacturing technology," said John B. Byrd III, AMT president. "This modern equipment is exactly what is needed to compete in our ever more global economy."
Machine tool consumption in the Northeast in June totaled $38.08 million, up 3.2 percent compared with May's $36.89 million, but 2.3 percent lower than the total for June 2004. With a year-to-date total of $216.48 million, machine tool consumption was 14.6 percent higher than at the same time a year ago.
Totaling $33.01 million, Southern machine tool consumption in June was down 13.2 percent from May's $38.05 million and down 30 percent when compared with June a year ago. The year-to-date total of $243.48 million was 28 percent higher than the comparable figure for 2004.
Midwestern machine tool consumption in June stood at $93.65 million, roughly level with May's $94.31 million, but 14.7 percent lower than the total for last June. At $523.58 million, the 2005 year-to-date total was down 1.1 percent compared with 2004 at the same time.
June machine tool consumption in the Central U.S. totaled $59.86 million, up 17.9 percent from May's $50.79 million and 55.8 percent higher than the total for June a year ago. Compared with 2004 at the same time, the year-to-date total of $295.05 million was up 32.1 percent.
At $44.39 million, June machine tool consumption in the West was up 34.5 percent compared with May's $33.02 million and 37.8 percent higher than the total for June 2004. The year-to-date total of $199.95 million was up 28.7 percent compared with the comparable figure for 2004.