Analysis of the Growth Trend of U.S. Machine Tool Consumption in the Second Half of 2010

It is understood that from January to June 2010, the cumulative spending of U.S. machine tools was 1.21 billion U.S. dollars, an increase of 56.1% over the same period of last year. Among them, metal cutting machine tool consumption was 1.12 billion US dollars, an increase of 66.5%; metal forming and manufacturing machine tool consumption was 92.15 million US dollars, a year-on-year decrease of 10.9%. The increase in U.S. machine tool orders in the first half of this year was mainly attributable to overseas investment, while demand orders in the U.S. aerospace and construction equipment sectors also increased significantly. Then, in the second half of the year, what about the consumption of machine tools in the United States?

In July, the growth of U.S. machine tool spending exceeded expectations. In July 2010, U.S. machine tool orders were 1,444 units, which was a decrease of 2.43% compared with 1,480 units in the previous month; among them, the number of orders for metal-cutting machine tools was 1,372 units, and the amount of metal forming machine tools orders It is 72 sets. In July, the total consumption of machine tools in the United States was 266 million U.S. dollars, an increase of 10.1 percent from the previous month's 242 million U.S. dollars, and an increase of 72.6% over the 154 million U.S. dollars in July 2009. From January to July 2010, the cumulative spending of U.S. machine tools was $1.474 billion, an increase of 58.9% from the $928 million in the same period of 2009.

AMTDA chairman Peter Borden said: "In July, the growth of machine tool consumption exceeded our expectations, and there was no normal situation for the summer to buy the off-season. Recently, the international manufacturing technology exhibition IMTS2010 was held for the market to continue manufacturing since January this year. The continued strong recovery of the industry is a very important indicator."

August US machine tool spending fell by 5.7% from the previous month

In August 2010, the U.S. machine tool orders amounted to 1,478 units, an increase of 3.87% from 1,423 units in the previous month; of these, orders for metal-cutting machine tools were 1,382, and orders for metal-forming machine tools were 96. In August 2010, total U.S. machine tool consumption was 246 million U.S. dollars, a decrease of 5.7 percent from the 261 million U.S. dollars in the previous month but an increase of 88 percent from the 131 million U.S. dollars in August 2009. From January to August 2010, the cumulative spending of U.S. machine tools was 1.698 billion U.S. dollars, an increase of 62.4% over the 1.04 billion U.S. dollars in the same period of 2009.

AMT chairman Douglas K. Woods said: “While summer is the normal off-season, the US machine tool orders in the first eight months of 2010 increased by more than 60% from the same period in 2009. Due to the strong demand of the association, Congress will extend the depreciation allowance to December this year. Therefore, we expect the strong recovery of industry orders will continue to the end of the year."

In September, the U.S. machine tool spending doubled year-on-year in September. In September 2010, the U.S. machine tool orders amounted to 1992 units, an increase of 38.6% over the previous month's 1437 units; among them, the number of orders for metal-cutting machine tools was 1,862, and the amount of metal forming machine tools orders It is 130 units. In September 2010, the total consumption of U.S. machine tools was US$ 400 million, a significant increase of 66.1% from the US$ 241 million in the previous month and an increase of 156.8% from the US$ 156 million in September 2009. From January to September 2010, the cumulative spending of U.S. machine tools was 2.09 billion U.S. dollars, an increase of 74.1% from the 1.2 billion U.S. dollars in the same period of 2009.

AMTDA chairman Peter Borden said: “September 2010 can be said to be a watershed for the industry from the recession of 2008-2009 to recovery. In September, the sales of US machine tools reached 1992, which is the highest since September 2008. Reflecting the rebound of the industry and the controlled position maintained by U.S. manufacturing, it is worth noting that this is the result of the current operation of many factories that need to purchase capital goods while still operating below their capacity, despite the current credit crunch and the There is also the issue of increasing government debt and potential taxation. The successful holding of the IMTS and depreciation of the US dollar are all catalysts for the recovery of the industry."

U.S. Machine Tool Spending Increased by 2.3% QoQ, an 89% YoY Increase in October

In October 2010, the United States received orders for 2,060 machine tools, an increase of 2.3% over the previous month's 1990, and an increase of 89% over the 1,077 units in October last year. Among them, the number of orders for metal-cutting machine tools was 1,951, and metal forming. Orders for machine tools are 85 units. In October, the total consumption of machine tools in the United States was 387 million U.S. dollars, a sharp decrease of 2.5% from 397 million U.S. dollars in the previous month and an increase of 154.9% from 152 million U.S. dollars in October 2009. From January to October 2010, the cumulative spending of US machine tools was US$2.477 billion, an increase of 83.2% from US$1.352 billion in the same period of 2009.

AMT chairman Douglas K. Woods pointed out: "October machine tool orders can be so close to September, this is historically never happened after the implementation of the IMTS. In the future, the tax exemption bill will give the U.S. manufacturing industry a huge boost for the new year. ."