Machine tool consumption for 2005 off to good start

Machine tool consumption for 2005 off to good start

Figures from The American Machine Tool Distributors' Association (AMTDA) and AMT — The Association For Manufacturing Technology indicate 2005 machine tool consumption is up against 2004 figures. January consumption totaled $217.03 million, 20.8% high

Figures from The American Machine Tool Distributors' Association (AMTDA) and AMT — The Association For Manufacturing Technology indicate 2005 machine tool consumption is up against 2004 figures. January consumption totaled $217.03 million, 20.8% higher than the total for the same period in 2004. However, it is 29.1% lower against December figures.

AMTDA President Ralph J. Nappi points to the end of bonus depreciation as a reason January orders did not keep pace with the previous month.

The regional breakdown for January 2005 and its comparison to December 2004 are:

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