Assembly Lines: Machine Tool Consumption Is Closing the Gap
MCLEAN, VA-October U.S. machine tool consumption totaled $157.58 million, according to the Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors'Association. This total was down 26.6 percent from September, and down 8.7 percent from the $172.52 million total reported for October 2002. With a year-to-date total of $1,583.41 million, 2003 is down 13.4 percent compared to the same period in 2002.
"Manufacturing output is improving, and the impact on machine tool orders is positive but uneven," says John B. Byrd III, president of AMT.