Machine tool consumption rises in September
AMT, The Association for Manufacturing Technology, and AMTDA, the American Machine Tool Distributors' Association.
This total, as reported by companies participating in the USMTC program, was up 45.1% from August but down 32.7% from the total of $263.67 million reported for September 2001.
With a year-to-date total of $1,525.71 million, 2002 is down 29.4% compared to the same period in 2001.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
"Although up 45% from August, September's activity signals a delay in an investment-led recovery in this market," said Don F. Carlson, AMT president.
"America's industrial base has been severely damaged, yet it is vital to our country's economic well-being. We must work with our political leadership to put in place the policies to reinvigorate this country's manufacturers."
The United States Machine Tool Consumption Report, jointly complied 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.