Manufacturing Technology Consumption up 26% (Jan Yr-to-Yr)

AMTonline - January U.S. manufacturing technology consumption totaled $130.96 million, according to AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association For Manufacturing Technology.  This total, as reported by companies participating in the USMTC program, was down 40.3% from December but up 26.2% from the total of $103.77 million reported for January 2009.

“Many customers placed orders in December to take advantage of tax relief measures, pulling orders out of January 2010,”  said Peter Borden,  AMTDA President.  “The good news is that January 2010 orders are still 26% ahead of January 2009.  Fortunately, there are measures moving through Congress that will expand these benefits, incentivizing manufacturers to invest in capital equipment in 2010.”