Hot off the Press


 

SHARE:  

Machine-Tool Consumption off 24.4 Percent

Machine-Tool Consumption off 24.4 Percent

Tuesday, July 22, 2003
 
AMT—The Association for Manufacturing Technology, and AMTDA, the American Machine Tool Distributors’ Association have released their joint statistical data for May 2003 that shows a 24.4 percent drop in machine-too consumption for the year, compared to the same period in 2002. “America’s investment in modern manufacturing equipment is at one of its lowest points in history,” stated Albert Moore, AMT president. By region, the Northeast is off 33 percent from 2002 figures; the Southern region shows an 8.3 percent drop; Midwest, off 22.9 percent; the Central region is down 25.6 percent; and the Western region is off 39.6 percent.

 

Visit Our Sponsors