2005 machine tool consumption still ahead

The United States Machine Tool Consumption report shows overall tool consumption is still ahead of 2004, although April did not pass March figures.

The United States Machine Tool Consumption report put out by the American Machine Tool Distributors' Association (AMTDA), Rockville, Md., and AMT -- The Association For Manufacturing Technology, McLean, Va., shows overall tool consumption is still ahead of 2004, although April did not pass March figures. April tool consumption totaled $257.39 million, 8.3% less than March. However, it was 29% higher than April 2004. The year overall is 18.6% higher compared with 2004 with a year-to-date total of $969.35 million. The report's Northeast and Western regions showed increased tool orders, while the Midwest lost the most. John B. Byrd III, AMT president, states the latest figures show the industry recognizes that investing in advanced manufacturing equipment keeps them competitive. For more details, go to amtonline.org or amtda.org.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish