August Machine Tool Consumption up 6%
August Machine tool consumption up 6%
August U.S. machine tool consumption totaled an estimated $480 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association. This was up 6% compared to the revised estimate of $453 million for July, and up 4.4% compared to the estimated $460 million total for August 1999. With the year-to-date total computed at $3.8 billion, 2000 is up 4% compared to the same period in 1999. These statistics are computed from reports submitted by companies participating in the United States Machine Tool Consumption (USMTC) report."The top two manufacturing issues for business today are where to get employees and how to build flexible capacity into their company," notes Don F. Carlson, AMT President. "The answer to both is investment in the lastest, most productive manufacturing technology. The strength of August orders, in a seasonally slow time, illustrates the commitment of manufacturers to improve their productivity."
The United States Machine Tool 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 machine tool consumption provides a reliable leading economic in-dicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
U.S. machine tool consumption is also reported on a regional basis for five geographic break-downs of the United States. The following statistics are based on totals of actual data reported by the companies participating in the USMTC program.
Northeast Region
Southern Region
Midwestern Region
Central Region
Western Region
Key
At $67.74 million, August machine tool consumption in the Northeast Region was up 22.5% compared to July's $55.30 million, and up 77.1% compared to last August. Year-to-date machine tool consumption rose to $483.70 million, 15.4% higher than the 1999 total for the same period.
Southern Region machine tool consumption in August stood at $49.37 million, down 31.1% compared to July's $71.64 million, but up 3.1% compared to August 1999. At $446.77 million, the year-to-date total is running 3.6% ahead of the comparable figure for 1999.
August machine tool consumption in the Midwestern Region rose to $123.50 million, up 8% compared to July's $114.40 million, but down 24.6% compared to August a year ago. Year-to-date machine tool consumption stood at $1.1 billion, down 11.6% compared to the same period in 1999.
At $58.39 million, August machine tool consumption in the Central Region was up 16.1% compared to July's $50.31 million and up 26.9% compared to August a year ago. Totaling $477.38 million, 2000 machine tool consumption is up 6.5% compared to 1999 at the same time.
Rising to $65.57 million, Western Region machine tool consumption in August was up 25.4% compared to July's $52.30 million, and up 23.1% compared to August 1999. With a year-to-date total of $442.44 million, 2000 machine tool consumption is 48.1% higher than the comparable figure for 1999.
P - preliminary
R - revised
$ - millions of dollars
* - Data withheld to prevent disclosure of company-specific information
Totals may not match due to rounding.
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Provided by: American Machine Tool Distributors Association (AMTDA)