United States machine tool consumption in October 2000 totaled an estimated $484 million, according to AMT - The Association For Manufacturing Technology, and AMTDA, the American Machine Tool Distributors' Association. This was down 14% compared with the revised estimate of $564 million for September, and off 17% compared with the estimated $581 million total for October 1999.
With the year-to-date total computed at $4.9 billion, 2000 is up 1% compared with the same period in 1999. These statistics are computed from reports submitted by companies participating in the United States Machine Tool Consumption (USMTC) report. Machine tool consumption is also reported for five US regions:
- Northeast - October machine tool consumption stood at $74.02 million, a 9.6% drop compared with September's $81.85 million and a 6.7% decline compared with October 1999. Year-to-date machine tool consumption rose to $638.36 million, up 11.4% from the comparable figure for 1999.
- Southern - At $40.78 million, October machine tool consumption was 24.7% lower than September's $54.17 million and 30.9% lower than the total for October 1999. Totaling $544.76 million, year-to-date machine tool consumption dipped 2.7% compared with the same period in 1999.
- Midwestern - Machine tool consumption in October totaled $113.96 million, a 28.7% decrease compared with September's $159.78 million, and a 41.4% fall compared with October 1999. Year-to-date machine tool consumption stood at $1.37 billion, 14.6% lower than the comparable figure for 1999.
- Central - October machine tool consumption totaled $75.17 million, a 1.1% decline from September's $76.05 million but 13% higher than October 1999. At $642.91 million, year-to-date machine tool consumption was up 7.6% compared with 1999.
- Western - At $64.05 million, October machine tool consumption rose 13.4% compared with September's $56.50 million and surged 51.3% compared with October 1999. Rising to $563.85 million, year-to-date machine tool consumption climbed 46.5% compared with the same period in 1999.