Manufacturing consumption up 22 percent in March
Manufacturing technology consumption in the United States totaled $351 million in March.
This total, according to the American Machine Tool Distributors' Association and the Association for Manufacturing Technology, was up 28.1 percent from the total of $274.57 million for March 2005. With a year-to-date total of $846 million, 2006 was up 22.2 percent compared with last year.
"U.S. manufacturing companies continue to invest in new machine tool technology to further improve their manufacturing productivity to keep pace with economic growth," said John J. Healy, AMTDA president. "The Western and Central regions of the U.S. showed particularly strong growth spurred by aerospace, defense, medical and energy manufacturing activity, while parts of the Midwest continue to experience the struggles of the automotive industry."
March manufacturing technology consumption in the Northeast totaled $54.45 million, up 32 percent from February's $41.26 million and up 47.3 percent when compared with March 2005. At $121.76 million, the year-to-date total was 26.1 percent higher than the comparable figure a year ago.
March manufacturing technology consumption in the South stood at $49.97 million, 24.5 percent higher than February's $40.12 million, but down 21 percent when compared with March 2005. With a year-to-date total of $126 million, 2006 was running 2.4 percent behind 2005 at the same time.
At $103.85 million, March Midwestern manufacturing technology consumption was 13.4 percent more than February's $91.60 million, and 16.8 percent higher than the March 2005 total. The year-to-date total of $262.64 million was 7 percent higher than last year's comparable figure.
Central region manufacturing technology consumption in March totaled $88 million, up 34.5 percent from February's $65.64 million, and 73.8 percent higher than the total for March 2005. Year-to-date 2006 consumption totaled $206.94 million, a 52.5 percent improvement over 2005.
Totaling $55.8 million, March manufacturing technology consumption in the Western U.S. was 51.2 percent higher than February's $36.43 million, and up 58.9 percent when compared with last March. At $128.09 million, 2006 year-to-date was up 50.8 percent compared with 2005 at the same time.