US Manufacturing Technology Consumption up 23.9% in June

US Manufacturing Technology Consumption up 23.9% in June June US manufacturing technology consumption totaled USD 322.68 million, according to AMT - The Association For Manufacturing Technology, and AMTDA, the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC program, was down 0.4% from May but up 26.7% from the total of US$254.74 million reported for June 2005. With a year-to-date total of US$1,774.48 million, 2006 was up 23.9% compared with 2005. These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program. "Since the recovery began in November 2003, orders have grown steadily, punctuated by June's 27% increase over June 2005," said John B. Byrd III, AMT President. "Counter to concerns that the 32-month expansion is ready to turn, the market is still 35% lower than its 1997 peak. There is still a lot of room to grow."