May 9, 2011 , the American Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors Association (AMTDA) released the latest statistics from the American spending.
March 2011 , the U.S. machine tool orders of 2576 units, 1741 units last month, an increase of 47.96% , compared with March 2010 1391 Taiwan also increased 99.4%.
March 2011 , the U.S. machine tool consumption amounted to $ 511 million , $ 324 million from last month 's increase of 57.6 % compared to $ 257 million in March 2010 also increased by 99%.
First quarter of 2011 , total consumption of machine tools amounted to U.S. $ 1.204 billion , a substantial increase of 118.6% over $ 550 million for the same period of 2010 .
From the product categories, in March 2011 , orders for metal cutting machine tools USA and metal forming machine tools were 2425 units and 151 units, were significantly increased from last month . Metal cutting machine tool consumption amounted to $ 476 million , an increase of $ 299 million from last month 's 59.4 %, compared with $ 226 million in March 2010 increased by 111% . Metal forming machine tools and manufacturing consumption amounted to $ 34.69 million , $ 25.32 million the previous month 's increase of 37 % compared to $ 31.07 million in March 2010 and the substantial increase of 99%.
First quarter of 2011, consumption of metal cutting machine tools amounted to U.S. $ 1.114 billion, an increase of 121.3%; metal forming machine tools and manufacturing spending amounted to $ 89,860,000, an increase of 89.7%.
AMTDA Chairman Peter Borden said: "March 2011 U.S. machine tool sales growth than expected, showing a good development signals the U.S. economy."
In this regard, the Secretary-General International Mould & Metal & Plastic Industry Suppliers Association Luo Baihui analysis, which reflects the status of the industry rebound in U.S. manufacturing, and control maintained, mainly due to the U.S. government to increase support for efforts to reduce taxes of some products, an additional $ devaluation also help companies reduce the cost of exports. It is worth noting that this is the result in the case of many current need to purchase capital goods factory is still running below its capacity, despite the current credit crunch, but there is government debt and potential tax increases.
U.S. tax holiday extension machine equipment
Last August, the U.S. president signed a bill to improve the U.S. manufacturing sector (HR4380), the bill would reduce or suspend some tariffs on imports of U.S. manufacturing enterprises in the production of raw materials that must be paid. This bill relates to the machine tool industry mainly for certain manufacturing equipment to extend the two-year tax exemption period to December 31, 2012, as for the processing of iron or steel wire, certified for non-highway use, and the rim diameter in CNC machine tools and spare parts 63.5 cm and above radiation tires, and for coating metal shears, certified for non-highway use, and the rim diameter and 63.5 cm in NC over tire cut radiation machines and their parts. These measures will reduce costs and help improve their market competitiveness.
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