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Second-Quarter Machine-Tool Sales Jump

Second-Quarter Machine-Tool Sales Jump

Wednesday, August 28, 2002
 
The latest U.S. Machine Tool Consumption statistical report, from AMT and AMTDA, shows a jump of 16 percent in machine-tool consumption from second quarter over first quarter results. However, first-half 2002 sales are off 24.2 percent compared to the same period in 2001. Any signs of a manufacturing recovery are “fluctuating” and “excess capacity exists throughout all market segments,” say trade-association officials. Full report data can be found on the web at www.amtda.org and www.amtonline.org.

 

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