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10.11.2004
Machine tool orders hit their highest level in four years according to AMTDA and AMT.
Machine tool orders hit their highest level in four years, according to The American Machine Tool Distributors' Association (AMTDA), Rockville, Md., and AMT -- The Association For Manufacturing Technology, McLean, Va., in their monthly United States Machine Tool Consumption report (USMTC). September machine tool consumption totaled $389.20 million, 89.8% higher than August's $225.52 million. "Manufacturing in the U.S. continues to show signs of a strong comeback," reports AMTDA president Ralph J. Nappi. September's total was also 74.6% higher than the total reported for September 2003. To date, 2004 is 42.2% higher than 2003 with a total of $2,146.95 million. The Midwest and Northeast regions led with the most orders, 156.5% and 102.3%, respectively. Jointly compiled by AMT and AMTDA, the United States Machine Tool Consumption report is based on totals of data reported by companies participating in the program. Go to amtonline.org and amtda.org for more information about USMTC data.
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