US machine tool consumption grows

News

The year-to-date total of $52.60 million was approximately level with the comparable figure for 2004..

February US machine tool consumption amounted to $242.10 million, according to AMT - The Association for Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association.

The total, as reported in the new US Machine Tool Consumption (USMTC) report, was up 13.5% from January and up 37.9% from the total of $175.52 million reported for February 2004.

With a year-to-date total of $455.48 million, 2005 was up 28.3% compared with 2004.

'Historically, when February results outpace January, machine tool orders are in an acceleration mode,' says John B Byrd III, AMT President. 'That is why I believe our industry, and manufacturing overall, will see continued growth in 2005.'

The United States Machine Tool Consumption (USMTC) report - jointly compiled by the two trade associations representing the production and distribution of manufacturing technology - provides regional and national US consumption data of domestic and imported machine tools and related equipment.

Register now to continue reading

Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.  

Benefits of registering

  • In-depth insights and coverage of key emerging trends

  • Unrestricted access to special reports throughout the year

  • Daily technology news delivered straight to your inbox

Register
Or continue by

Signing in with your registered email address