3Q10 WORKHOLDING SHIPMENTS UP FROM 2Q10
Overall workholding equipment shipments increased to $58.3 million in the third quarter, a 47 percent increase over the same quarter last year, and employment in this sector was up by almost 5 percent for the same time frame.
Posted: November 24, 2010
At $58.3 million for third quarter 2010, shipments of workholding equipment were up 47.1 percent from third quarter 2009 according to the Advanced Workholding Technology (AWT) Group of AMT – The Association For Manufacturing Technology (McLean, VA). Workholding equipment shipments within the United States (by the 38 companies participating in the AWT statistical report) totaled $48.6 million, while exports amounted to $9.7 million.
The report from the AWT shows that domestic workholding equipment shipments increased 5.2 percent and U.S. exports increased 16.8 percent from second quarter 2010. The Midwest increased 0.4 percent from second quarter 2010 and remained the largest domestic destination with 40.9 percent of total domestic shipments. Growth in the Central region was 0.4 percent, remaining the second largest share of domestic shipments, with 18.8 percent domestic share.
Shipments to the Northeast fell by 0.4 percent, remaining the third largest domestic market with 16.0 percent of domestic shipments in the third quarter. The South had 14.0 percent of third quarter 2010 domestic shipments, an increase of 0.2 percent from the previous quarter. The West remained the smallest domestic market again and decreased by 0.6 percent from the second quarter leaving it with 10.4 percent share.
Additionally, second quarter 2010 employment levels were up 1.6 percent from second quarter 2010 and increased by 4.7 percent when compared to the third quarter of 2009.
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