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News:
Machine Tool Consumption Rises 10% In May
May U.S. machine tool consumption totaled $224.30 million,
according to AMTDA, the American Machine Tool Distributors’
Association, and AMT - The Association For Manufacturing Technology.
This total, as reported by companies participating in the
USMTC program, was up 9.9% from April and up 54.2% from the
total of $145.42 million reported for May 2003. With a year-to-date
total of $1,041.37 million, 2004 is up 46.1% compared with
2003.
These numbers and all data in this report are based on the
totals of actual data reported by companies participating
in the USMTC program.
“The manufacturing sector’s confidence in the
direction of our national economy continues to grow,”
said Ralph J. Nappi, president, American Machine Tool Distributors’
Association. “May machine tool consumption builds upon
a six month trend of strong capital investments made by U.S.
manufacturers. All indications point to continued investment
for the rest of the year despite the machine tool industry’s
recent challenges of product supply.”
The United States Machine Tool Consumption (USMTC) report,
jointly compiled by the two trade associations representing
the production and distribution of manufacturing technology,
provides regional and national U.S. consumption data of domestic
and imported machine tools and related equipment. Analysis
of machine tool consumption provides a reliable leading economic
indicator as manufacturing industries invest in capital metalworking
equipment to increase capacity and improve productivity.
U.S. machine tool consumption is also reported on a regional
basis for five geographic break-downs of the United States.
Northeast Region
Northeast Region machine tool consumption in May stood at
$33.53 million, down 2.7% compared to April’s $34.46
million but up 74.8% when compared to last May. With a year-to-date
total of $150.11 million, 2004 is 68.5% ahead of 2003 at the
same time.
Southern Region
May Southern Region machine tool consumption totaled $25.66
million, down 4.2% from the April total of $26.79 million
but up 13.0% when compared to May a year ago. The year-to-date
total of $142.06 million was 0.2% higher than the comparable
figure a year ago.
Midwestern Region
With a May total of $98.79 million, machine tool consumption
in the Midwestern Region was 20.6% higher than April’s
$81.90 million and 63.8% higher than the total for May 2003.
The $436.02 million year-to-date consumption total was 52.2%
ahead of the total at the same time in 2003.
Central Region
Machine tool consumption in the Central Region in May totaled
$42.97 million, up 23.3% compared to April’s $34.84
million and up 46.8% when compared to May a year ago. At $188.93
million the year-to-date total was 53.7% higher than the comparable
figure for 2003.
Western Region
Totaling $23.35 million, May Western Region machine tool consumption
was off 10.6% compared to April’s $26.13 million but
up 67.4% when compared to the previous May. The year-to-date
total of $124.24 million puts this year 71.2% ahead of 2003
at the same time.
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