According to the American Machine Tool Distributors' Assn. (AMTDA) and The Association for Manufacturing Technology (AMT), U.S. manufacturing technology consumption is up 33.7% to $258 million for the year to date. The two trade associations reported the total in their monthly U.S. Machine Tool Consumption report, a survey that gathers data from buyers and sellers of machine tool equipment and supplies.
AMTDA and AMT say that manufacturing technology consumption is "a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity."
The March USMTC reports showed an increase of 58.1% from February 2010 and up 49.5% from March 2009. The USMTC total for March is $172.59 million, and the 2010 year-to-date total consumption is $548.53 million, up 33.7% versus the January-to-March 2009 period.
According to AMTDA president Peter Borden that the March increase in manufacturing technology orders is further proof that the recovery is accelerating however ebb and flow are expected to see for the rest of the year because of the uncertainties in the world econ-omy.
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