Manufacturing technology consumption up 7.5 percent
This total was up 6.5 percent from April, but down 6.5 percent from the total of $335.52 million reported for May 2006. With a year-to-date total of $1.6 billion, 2007 was up 7.5 percent compared with 2006.
“Growth this year, while less robust than in 2006, has now stabilized in the high, single-digit range,” said John J. Healy, AMTDA president. “In addition, each of the regions in the U.S. has shown growth in the first five months of 2007.”
The United States Manufacturing Technology Consumption report, jointly compiled by the two trade associations representing the production and distribution of manufacturing technology, provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment.
U.S. manufacturing technology consumption is reported on a regional basis.
Manufacturing technology consumption in the Northeast in May totaled $46.97 million, 4.4 percent less than April’s $49.12 million and 5.7 percent less than in May 2006. With a year-to-date total of $254.01 million, 2007 was running 12.2 percent ahead of 2006 at the same time.
May manufacturing technology consumption in the South rose to $51.38 million, 33.6 percent higher than the $38.45 million tallied in April and up 27.6 percent when compared with May a year ago. The year-to-date total of $209 million was 1.8 percent more than the comparable figure in 2006.
Midwestern region manufacturing technology consumption in May stood at $95.92 million, up 17.9 percent when compared with April’s $81.34 million, but 7.4 percent less than the May 2006 total. At $453.71 million, year-to-date 2007 was 1 percent ahead of 2006 at the same time.
At $83.79 million, May Central U.S. manufacturing technology consumption was 6.6 percent higher than April’s $78.60 million, but 1.9 percent less than the total for May 2006. The year-to-date tally of $442.06 million was 16.7 percent higher than the comparable figure for 2006.
Western manufacturing technology consumption in May was $35.67 million, 24 percent less than April’s $46.94 million, and down 36.7 percent when compared with May 2006. With a year-to-date total of $247.35 million, 2007 was running 5.6 percent higher than at the same time in 2006.