The American Manufacturing Technology Association (AMT) and the American Machine Tool Distributors Association (AMTDA) recently released the latest statistics on US machine tool consumption. In March 2011, the number of orders for machine tools in the United States was 2,576 units, an increase of 47.96% from the previous month and an increase of 99.4% from the same period of last year. The consumption of machine tools was US$511 million, a year-on-year increase of 57.6% and a year-on-year increase of 99%. In the first quarter, the cumulative consumption of machine tools in the United States was $1.204 billion, a significant increase of 118.6% year-on-year. In terms of product categories, in March 2011, the orders for metal cutting machines and metal forming machines in the United States were 2,425 units and 151 units, respectively, both of which were significantly higher than last month. The consumption of metal cutting machine tools was US$476 million, a year-on-year increase of 59.4% and a year-on-year increase of 111%. The consumption of metal forming and manufacturing machine tools was US$ 34.69 million, a 37% increase from the previous month and a 99% increase from the same period last year. AMTDA Chairman Peter Borden pointed out: "In March 2011, the growth of US machine tool sales exceeded expectations, showing a good signal of the US economy." In this regard, relevant analysts believe that this reflects the industry rebound and the control maintained by the US manufacturing industry. The status is mainly due to the US government's increased support, the reduction of tax on some products, and the depreciation of the US dollar has also helped companies reduce their export costs. More notably, this is the result of the current operation of many factories that need to purchase capital goods that are still below their capacity, despite the current credit crunch and the problem of increased government debt and potential taxation.
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