According to the 2012 World Machine Tool Output & Consumption Survey (http://ow.ly/kLnjd), the U.S. is continuing to invest in manufacturing equipment. Most countries have lowered their machine tool consumption, but the U.S. saw a 19% increase from the previous year.
The value of machine tools installed reached $8.7 billion, making the U.S. the second largest consumer after China. The United States Manufacturing Technology Orders (USMTO) report states that machine tool orders in 2012 were the highest in thirteen years! Machine tool orders have been rapidly increasing since 2009, which shows that the manufacturing sector has been recovering from the recession. The United States also shipped $5 billion of machine tools last year, making it the 7th largest machine tool producing country.
The increase in machine tool consumption confirms that the U.S. is on its way to reviving its manufacturing sector. Even during quarters where the GDP retracted, machine tool orders continued to rise across all regions. The Midwest region has been the leader of the American manufacturing renaissance with manufacturing technology orders of $1.814 billion. Although 2013 began with some contraction in the manufacturing sector, the latest USMTO reports indicate month-to-month increases in orders. At Linders Specialty, sales of our Abrasive Belt Coper have supported this trend. We are excited to see our business grow as the American manufacturing sector expands.