Manufacturing technology consumption up 28 percent
This total, according to the Association for Manufacturing Technology and the American Machine Tool Distributors’ Association, was down 9.9 percent from September, but up 41.4 percent from the $260.6 million total reported for October 2005.
With a year-to-date $3.1 billion total, 2006 was up 27.9 percent compared with 2005.
“It has been two years since there has been two consecutive months with year-over-year growth as strong as this September and October,” said John B. Byrd III, AMT president. “This indicates that manufacturing technology equipment order growth is accelerating, not slowing.”
U.S. manufacturing technology consumption was also reported on a regional basis.
October manufacturing technology consumption in the Northeast totaled $50 million, down 15.4 percent from September’s $57.92 million, but up 39.5 percent when compared with October 2005. At $463.28 million, year-to-date consumption was 36.8 percent higher than the comparable total in 2005.
Totaling $38.11 million, Southern U.S. manufacturing technology consumption in October was 8.6 percent below September’s $41.7 million, but 3.6 percent above the October 2005 figure. Year-to-date consumption rose to $410.06 million, 2.6 percent higher than the comparable figure a year ago.
With an October total of $142.29 million, Midwestern manufacturing technology consumption was up 12.2 percent when compared with September’s $126.77 million and up 74.7 percent when compared with the October 2005 total. The year-to-date $1 billion total was 13.3 percent higher than the 2005 tally at the same time.
Central region manufacturing technology consumption in October stood at $85.46 million, down 28.9 percent from the previous month’s $120.17 million, but 22.5 percent higher than the October 2005 total. The $819.91 million year-to-date tally beat the 2005 total by 54.8 percent.
At $53.78 million, the October tally in the West was 13.8 percent less than the $62.37 million for September, but 43.6 percent ahead of the October 2005 total. At $490.03 million, year-to-date consumption was 45.5 percent higher than the comparable figure in 2005.