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China Leads Again in Machine-Tool Consumption

China Leads Again in Machine-Tool Consumption

Thursday, February 26, 2004
 
In 2002, China jumped from fourth to first in the world in machine-tool consumption, and it retains that spot in 2003. That’s according to 2004 World Machine Tool Output & Consumption Survey, from Gardner Publications, Inc. Chinese consumption rose 27 percent in 2003 as that country acquired an estimated $6.5 billion worth of machine tools. Most other countries stayed level, with Asian manufacturing economies seeing increases. Beginning in 1993, the United States had led in consumption every year until it experienced a 23-percent decline in 2001, followed by a 36-percent drop in 2002 and only a 1-percent gain in 2003, placing it fourth on the list. Regarding machine-tool output, Japan led in 2003 with total production of $7.7 billion, edging out Germany. The United States placed fifth, behind China.

 

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