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January Machine-Tool Consumption Up 11.3 Percent

January Machine-Tool Consumption Up 11.3 Percent

Wednesday, March 15, 2006
 
January 2006 U.S. machine-tool consumption totaled $225.94 million, according to AMTDA, the American Machine Tool Distributors’ Association, and AMT--The Association For Manufacturing Technology. This total was down 31.9 percent from December 2005 but up 11.3 percent from the total of $202.94 million reported for January 2005. “This signals another promising year of continued momentum within the U.S. manufacturing economy, as companies continue to recognize the benefits of investing in new machine-tool technology to improve productivity,” says John J. Healy, AMTDA President. “Although parts of the Midwest continue to experience the struggles of the automotive industry and the South continues to deal with the aftereffects of Katrina, many U.S. regions have shown strong double-digit growth spurred by aerospace, defense, energy and medical-manufacturing activity.”

 

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