September’s machine tool consumption totaled $339.76 million, up 156.8% compared with the total of $155.69 million for the same month in 2009. That puts the year-to-date total at $2,090.27 million, up 74.1% compared with the same YTD figures in 2009.
This comes from the U.S. Manufacturing Technology Consumption Report is compiled by the American Tool Distributors’ Association and The Association for Manufacturing Technology.
“September 2010 was a watershed in the recovery from the recession of 2008-2009,” said Peter Borden, AMTDA President. “The 1,992 units sold (in September) is the highest number since September of 2008 and demonstrates the resilience and staying power of the U.S. manufacturing base. More remarkably, this was done while many factories are running below the capacity levels that require capital goods purchases, despite the tight credit, and in spite of questions about government debt and potential tax increases. The catalysts of the successful IMTS, the weaker dollar, and the passage of bonus depreciation paid surprising and long awaited dividends.”
By region, Northeast consumption stood at $64.44 million, 66.3% higher than August’s $38.76 million and 77.4% higher that the September 2009 total. A year-to-date total of $362.73 million was 53.4% more than the same figure for 2009.
The Southern Region’s manufacturing technology consumption totaled $66.85 million, up 119.9% when compared with the $30.4 million total for August and up 389.4% when compared with September a year ago, the report noted.
For the Midwest, consumption was 49% more than August’s $81.75 million and up 157.6% when compared with last September. The $629.19 million 2010 YTD total was 84.4% above the 2009 total at the same time.
The Central Region saw manufacturing technology consumption climb to $114.99 million, 77.0% more than the August total, and 238.3% higher than the total for September 2009. With a YTD total of $561.03 million, 2010 was up 94.0% compared to the same period in 2009.
The Western Region also saw an increase in consumption, with a total of $31.68 million in September (up 27.5%), compared to August’s $24.84 million. At $228.66 million, 2010 YTD was 36% higher than the comparable figure a year ago.
This comes from the U.S. Manufacturing Technology Consumption Report is compiled by the American Tool Distributors’ Association and The Association for Manufacturing Technology.
“September 2010 was a watershed in the recovery from the recession of 2008-2009,” said Peter Borden, AMTDA President. “The 1,992 units sold (in September) is the highest number since September of 2008 and demonstrates the resilience and staying power of the U.S. manufacturing base. More remarkably, this was done while many factories are running below the capacity levels that require capital goods purchases, despite the tight credit, and in spite of questions about government debt and potential tax increases. The catalysts of the successful IMTS, the weaker dollar, and the passage of bonus depreciation paid surprising and long awaited dividends.”
By region, Northeast consumption stood at $64.44 million, 66.3% higher than August’s $38.76 million and 77.4% higher that the September 2009 total. A year-to-date total of $362.73 million was 53.4% more than the same figure for 2009.
The Southern Region’s manufacturing technology consumption totaled $66.85 million, up 119.9% when compared with the $30.4 million total for August and up 389.4% when compared with September a year ago, the report noted.
For the Midwest, consumption was 49% more than August’s $81.75 million and up 157.6% when compared with last September. The $629.19 million 2010 YTD total was 84.4% above the 2009 total at the same time.
The Central Region saw manufacturing technology consumption climb to $114.99 million, 77.0% more than the August total, and 238.3% higher than the total for September 2009. With a YTD total of $561.03 million, 2010 was up 94.0% compared to the same period in 2009.
The Western Region also saw an increase in consumption, with a total of $31.68 million in September (up 27.5%), compared to August’s $24.84 million. At $228.66 million, 2010 YTD was 36% higher than the comparable figure a year ago.
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