U.S. machine tool consumption highest in 4 years, groups say
ROCKVILLE, Md. - U.S. machine tool consumption totaled $389.20 million in September, the highest level in four years, according to the American Machine Tool Distributors' Association and the Association for Manufacturing Technology.
September's numbers were up 89.8 percent from August and up 74.6 percent from the $222.86 million total reported in September 2003. With a year-to-date total of $2.15 million, 2004 is up 42.2 percent over 2003.
"Manufacturing in the U.S. continues to show signs of a strong comeback," said Ralph J. Nappi, AMTDA president. "Machine tool orders in September hit their highest level in four years, with all regions of the country showing growth. The recent re-election of President Bush will further solidify the comfort of manufacturing with continued capital investment."