Tool consumption up 42 percent
ROCKVILLE, Md. - October 2004 U.S. machine tool consumption totaled $234.44 million, down 38.9 percent from September, but up 46.5 percent from October 2003, according to the Association For Manufacturing Technology and the American Machine Tool Distributors Association.
The two organizations reported that with a year-to-date $2.4 billion, 2004 is up 42.6 percent compared to last year.
U.S. machine tool consumption was also reported on a regional basis. October machine tool consumption in the Northeast totaled $36.53 million, down 36 percent compared to September's $57.05 million, but up 65.5 percent compared to October a year ago. At $350.69 million, year-to-date machine tool consumption was 54.6 percent higher than the compared figure in 2003.
Standing at $30.25 million, the South's machine tool consumption was down 36 percent compared to September's $47.23 million, but up 42.5 percent higher than the tally in October 2003. The year-to-date total of $349.31 million was up 3 percent when compared to the same time in 2003.
Totaling $102.12 million, October machine tool consumption in the Midwest was off 31.5 percent from September's $149.16 million, but 47.9 percent higher than the total for last October. With a year-to-date total of $945.18 million, 2004 is running 42.1 percent ahead of 2003 at the same time.
Central U.S. machine tool consumption in October stood at $38.89 million, down 48 percent compared to September's $74.84 million, but 33.5 percent higher than the October 2003 total. At $429.18 million, the year-to-date total was 57.4 percent higher than the comparable figure for 2003.
October machine tool consumption for the Western U.S. was $26.65 million, down 52 percent from September's $55.55 million, but up 44 percent compared to October a year ago. The year-to-date total of $305.62 million was 84.3 percent higher than the 2003 total at the same time.