United States machine tool consumption drops 1.4% in June

June 2002 machine tool consumption in the United States totaled $218.82 million, according to AMTDA, the American Machine Tool Distributors' Association, and AMT — The Association for Manufacturing Technology. This total, reported by companies participating in the United States Machine Tool Consumption program, was down 1.4% from May and off 11.0% from $245.84 million reported for June 2001. With a first-half total of $1.1 billion, 2002 is 24.2% lower than the same period in 2001. Consumption is also reported for these regions:

  • Northeast — At $25.04 million, June machine tool consumption rose 6.0% from May's $23.61 million, but sunk 41.4% when compared with June 2001. With a first-half total of $157.44 million, 2002 has declined 42.2% when compared with 2001 at the same time.

  • Southern — June machine tool consumption climbed to $45.09 million, 24.8% higher than May's $36.12 million and up 18.6% compared with June 2001. Consumption in the first-half of 2002 totaled $185.77 million, 11.1 % lower than the comparable figure for 2001.

  • Midwestern — Machine tool consumption in June totaled $63.23 million, a 34.3% drop compared with May's $96.26 million and a 17.2% dip when compared with June 2001. Totaling $410.62 million, first-half 2002 consumption decreased 22.0% from 2001 at the same time.

  • Central — With a June total of $45.84 million, machine tool consumption increased 21.6% from May's $37.71 million, but fell 21.7% when compared with June a year ago. First-half consumption stands at $203.90 million, a 30.4% loss compared with the equivalent figure for 2001.

  • Western — Machine tool consumption in June reached $39.63 million, a 40.9% surge compared with May's $28.12 million and a 31.2% advance compared with June 2001. At $183.92 million, this year's first-half consumption dropped 10.4% compared with a year ago at the same time.

TAGS: Fabrication
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