(AMT: McLean, VA) -- October U.S. manufacturing technology consumption totaled $387.13 million, according to The Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors’ Association (AMTDA). This total, as reported by companies participating in the U.S. Manufacturing Technology Consumption (USMTC) statistical program, was down 2.5 percent from September but up 154.9 percent when compared with the total of $151.86 million reported for October 2009. With a year-to-date total of $2,477.06 million, 2010 is up 83.2 percent compared with 2009.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

“Never in the history of the USMTC have we seen a post-IMTS October rival September so closely,” notes Douglas K. Woods, president of AMT. “Increased Section 179 tax expenses and 50-percent bonus depreciation enacted in late September helped offset the declines we normally see after a show. Looking ahead, enactment of the pending tax package would give U.S. manufacturers a big boost heading into the New Year.”

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