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Machine-Tool Consumption Off in January

Machine-Tool Consumption Off in January

Tuesday, April 2, 2002
 
U.S. Machine-tool consumption in January 2002 slipped 40 percent from January 2001 levels and dropped 7.8 percent as compared to December 2001, according to AMT--The Association for Manufacturing Technology, and the American Machine Tool Distributors’ Association. Against that backdrop, the associations praise recent federal legislation that may help turn those numbers around. “Our representatives in Washington clearly recognize that there are serious problems facing the nation’s capital-equipment manufacturers,” said Don F. Carlson, AMT president. “The expensing of 30 percent of equipment purchases contained in the newly passed economic stimulus package shows that. It provides the engine that will drive the investment that will pull our economy out of recession while providing long-term increases in productivity.”

 

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