Assembly Lines: August Tool Consumption Ahead of July
ROCKVILLE, MD-August U.S. machine tool consumption totaled $150 million, according to the American Machine Tool Distributors Association and the Association for Manufacturing Technology (AMT). This total was up 16.6 percent from July, but down 3.2 percent from the total reported for August 2002.
"August orders and increased output among many of our customers appear to be signaling an end to the decline in the manufacturing technology investments," says John B. Byrd III, president of AMT. "While a capital spending recovery has not yet begun, better times certainly seem to be on the horizon."