Machine tool consumption exceeds July '02

United States machine tool consumption in July 2003 totaled $157.06 million, according to AMTDA, the American Machine Tool Distributors' Association, and AMT — The Association for Manufacturing Technology.

This total, as reported by companies in the United States Machine Tool Consumption (USMTC) program, was down 33.7% from June but up 8.2% from the $145.09 million reported for July 2002. With a year-to-date total of $1.103 billion, 2003 has declined 15.5% compared with the same period in 2002. Consumption is also reported for these five US regions:

  • Northeast — At $19.03 million, July machine tool consumption decreased 30.0% from June's $27.18 million, and lost 20.7% compared with July a year ago. Year-to-date consumption totaled $135.17 million, a 26.6% drop versus 2002 at the same time.

  • Southern — Machine tool consumption stood at $25.51 million in July, a 69.4% fall from June's $83.39 million, but 12.3% higher than the total for July 2002. At $248.64 million, year-to-date consumption was 8.6% ahead of the same period in 2002.

  • Midwestern — July machine tool consumption totaled $70.78 million, 13.8% less than June's $82.13 million but 53.9% higher than the total for July 2002. With a year-to-date total of $438.50 million, 2003 is 13.4% behind 2002 at the same time.

  • Central — Totaling $25.74 million, July machine tool consumption dipped 3.3% compared with June's $26.62 million and sunk 31.0% versus July a year ago. The year-to-date total of $174.20 million retreated 25.0% compared with the same period in 2002.

  • Western — Machine tool consumption in July stood at $16.01 million, 9.1% less than June's $17.61 million, but 6.2% higher than the total for July 2002. At $106.20 million, year-to-date 2003 dropped 30.8% from the comparable figure for 2002.

TAGS: Fabrication
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