'Confidence is growing' as technology consumption grows

AMT/AMTDA report shows 82.7% growth in manufacturing technology purchases in 2010; leaders point to 'continuing rebound of the U.S. manufacturing sector'

01/10/2011


November U.S. manufacturing technology consumption totaled $318.18 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 17.7% from
October but up 81.1% when compared with the total of $175.68 million reported for November 2009.  With a year-to-date total of $2,792.58 million, 2010 is up 82.7% compared with 2009.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

“The November numbers reflect the continuing rebound of the U.S. manufacturing sector,” said Peter Borden, AMTDA President.  “Confidence in 2011 is growing and purchases are being made despite the capacity rates being below the threshold when this normally occurs. Backlogs and deliveries are lengthening while prices are increasing as supply lines struggle to meet the surprising surge in demand. Forecasts suggest things will slow – will this be the case? – stay tuned!”

The United States Manufacturing Technology Consumption (USMTC) 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.  Analysis of manufacturing technology consumption provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.

U.S. manufacturing technology consumption is also reported on a regional basis for five geographic breakdowns of the United States.

Northeast Region

Manufacturing technology consumption in the Northeast Region in November stood at $62.68 million, down 35.6% from October’s $97.37 million but up 92.2% when compared with the previous November’s total. With a year-to-date total of $523.86 million, 2010 was up 77.7% when compared with 2009 at the same time.

Southern Region

Southern Region manufacturing technology consumption totaled $35.94 million in November, 9.8% less than October’s $39.83 million but 31.3% more than the November 2009 figure. At $384.77 million, 2010 year-to-date was 79.2% higher than the comparable figure a year earlier.

Midwest Region

Manufacturing technology consumption in the Midwest Region in November stood at $111.07 million,
off 4.7% when compared with October’s $116.50 million but 130.1% higher than the tally for the previous
November.  The year-to-date total of $855.38 million was 95.9% above the comparable figure for 2009.

Central Region

November manufacturing technology consumption in the Central Region totaled $71.30 million, down 22.9% when compared with the $92.42 million total for October but up 48.5% when compared with November a year ago.  The $722.78 million 2010 year-to-date total was 94.4% higher than the total for the same
period the previous year.

Western Region

At $37.19 million, November manufacturing technology consumption in the Western Region was 7.7% less than October’s $40.29 million but up 91.4% when compared with November 2009. The $305.79 million 2010 year-to-date total was 45.5% more than the 2009 total at the same time.



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
Hannover Messe 2016: Taking hold of the future - Partner Country status spotlights U.S. manufacturing; Honoring manufacturing excellence: The 2015 Product of the Year Winners
Inside IIoT: How technology, strategy can improve your operation; Dry media or web scrubber?; Six steps to design a PM program
World-class manufacturing: A recipe for success: Finding the right mix for a salad dressing line; 2015 Salary Survey: Manufacturing slump dims enthusiasm
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
Warehouse winter comfort: The HTHV solution; Cooling with natural gas; Plastics industry booming
Managing automation upgrades, retrofits; Making technical, business sense; Ensuring network cyber security
Designing generator systems; Using online commissioning tools; Selective coordination best practices

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
click me