AMT & AMTDA report first quarter manufacturing technology consumption up 33.7%

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The American Machine Tool Distributors’ Association (AMTDA) and the Association for Manufacturing Technology (AMT) report that March U.S. manufacturing technology consumption (USMTC) totaled $258 million. According to the AMT website:

This total, as reported by companies participating in the USMTC program, was up 58.1% from February and up 49.5% from the total of $172.59 million reported for March 2009. With a year-to-date total of $548.53 million, 2010 is up 33.7% compared with 2009.

The USMTC report provides regional and national U.S. consumption data of domestic and imported machine tools and related equipment. It’s considered a leading economic indicator, as investments in capital metalworking equipment are generally made for the purpose of increasing capacity and improving productivity.

More details can be found on the AMT website.

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