January Manufacturing Technology Consumption Up 188% Year Over Year
March 14, 2011
Though Januarys U.S. Manufacturing Technology Consumption Numbers Took a Slight Dip From December, the Reported $371.41 Million Was Up Significantly From the $128.82 Million Reported in January 2010
As reported by companies participating in the U.S. Manufacturing Technology Consumption (USMTC) program, January tech consumption totaled $371.41 million. This number is down about 16% from December, but up more than 188% over the $128.82 million reported for January 2010.
“Despite the slight decline in orders from December, the January USMTC report confirms that U.S. manufacturers are reinvesting vigorously to improve productivity,” says Peter Borden, AMTDA’s president. “As equipment deliveries grow longer and commodity prices increase, factories may continue to make these investments before inflation and other factors raise prices further.”
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