"Manufacturing technology orders finished strong in the fourth quarter last year," says John B. Byrd III, president of AMT. "Our customers' capacity use and profits are growing, a combination that has historically signaled previous recoveries in capital spending."
The following is machine tool sales on a regional basis.
- At $29.53 million, December machine tool sales in the Northeast increased 33.1 percent from November's $22.19 million and 28.4 percent higher than the total for December 2002. The year-end total of $261.04 million was 16 percent lower than the comparable figure for 2002.
- December machine tool sales in the South rose to $32.31 million, which is 86.3 percent higher than November's $17.35 million, but down 14.1 percent compared to December 2002. With a year-end total of $373.18 million, 2003 was up 2 percent compared to 2002.
- Machine tool sales in the Midwest in December totaled $91.75 million, up 21.9 percent from November's $75.28 million and 18.8 percent higher than the December 2002 total. At $797.81 million, the year-end 2003 figure was 4.3 percent lower than in 2002.
- December machine tool sales in the Central region stood at $37.47 million, 36 percent lower than November's $58.51 million, but up 11.2 percent when compared to December 2002. The year-end total of $357.23 million was 12.8 percent less than the year-end 2002 total.
- With a December total of $29.82 million, machine tool sales in the West increased 64.6 percent from November's $18.12 million and 7 percent higher than the total for December 2002. At $203.74 million, the year-end total was 16.6 percent less than last year.