(Image Source: Wikimedia Commons)

A recent article from GearTechnology Magazine discusses the increase in consumption of manufactured technology in the United States, referred to as the USMTC or US Manufacturing Technology Consumption. The article states that according to the American Machine Tool Distributors' Association and the Association for Manufacturing Technology, May saw a consumption total of $178.34 million. The number was reached based on data supplied by companies that participate in the USMTC program, which, while showing a decrease from April of this year, is up almost sixty percent from May of 2009. The article quotes the president of the Association for Manufacturing Technology:

"While we would like to see the first quarter growth rates continue, we are not surprised by the typical second quarter ebb and flow in capital spending," says Peter Borden, AMTDA president. "We have seen an additional month of substantial orders, which helps to confirm that a sustainable recovery is taking place despite the buzz of those forecasting a W-shaped rebound. Industry forecasts for the year have been revised slightly upward by many sources, and if Congress passes the bonus depreciation allowance, this could accelerate growth even further."

The full report, which is available at www.amtonline.org, also contains a geographical breakdown of the Northeast, South, Midwest, Central and Western regions as they relate to this uptrend in manufacturing technology consumption. Essentially, this report is important to gear manufacturers because it could signal a boom in our industry that has already begun and may become more apparent by the end of the year. It would probably be a good idea, if you belong to this industry to read the full article.

Check out one of our top-rated sites at www.unitedvacuum.com for more information.

To learn more about Gear Manufacturing technologies visit GearMotions:

http://www.gearmotions.com/

To read the full report from amtonline, visit this link:

www.amtonline.org

To read the article from GearTechnology magazine:

http://www.geartechnology.com/news.php?in=2530