U.S. Manufacturing Industry Consumption Increased by 82.7% from January to November 2010

According to statistics from the American Machine Tool Distribution Association and the American Manufacturing Technology Association, US manufacturing technology spending totaled US$318 million in November 2009, a decrease of 17.7% from the previous quarter, but this was an increase of 81.1% compared with US$176 million in the same period last year. From January to November last year, US manufacturing technology consumption totaled 2.793 billion, which was a year-on-year increase of 82.7%.

“Statistics in November showed that U.S. manufacturing is picking up,” said Peter Borden, president of the American Machine Tool Distributors Association. “We are confident that this figure will continue to grow in 2011, even though capacity utilization is below the critical value, but this is It is a normal phenomenon, so the purchasing power still exists."