The Association for Manufacturing Technology and the American Machine Tool Distributors' Association report that manufacturing technology consumption in September increased 66.1 percent from August to $399.76 million.
"September 2010 was a watershed in the recovery from the recession of 2008-2009. The 1,992 units sold this month is the highest number since September of 2008 and demonstrates the resilience and staying power of the U.S. manufacturing base," said Peter Borden, AMTDA president. "More remarkably, this was done while many factories are running below the capacity levels that require capital goods purchases, despite the tight credit, and in spite of questions about government debt and potential tax increases. The catalysts of the successful IMTS, the weaker dollar, and the passage of bonus depreciation paid surprising and long awaited dividends."
On an annual basis, 2010 consumption is 74.1 percent greater than in 2009. On a monthly basis, consumption increased across all geographic regions surveyed, with the South and Central regions gaining the most, 119.9 percent and 77 percent, respectively.