MCLEAN, VA -- The Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors' Assn. said that February U.S. manufacturing technology consumption totaled $268.37 million, according to Modern Distribution Management. This total, as reported by companies participating in the United States Manufacturing Technology Consumption (USMTC) program, was down 9.7% from January, and down 6.3% from the total of $286.29 million reported for February 2006. With a year-to-date total of $565.54 million, 2007 was up 9.4% compared with 2006.

“The first two months of the year fit the forecast pattern of slower growth in 2007,” said John B. Byrd III, AMT president. “The strength of U.S. manufacturing activity is likely to continue this pattern of moderate growth in the coming months.”

The 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. 

Read more.

Have something to say? Share your thoughts with us in the comments below.