Machine tool consumption surges in March

March 2004 machine tool consumption in the United States totaled $272.34 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 US Machine Tool Consumption (USMTC) program, was up 60.5% from February and increased 56.2% from the total of $174.38 million reported for March 2003. With a year-to-date total of $609.50 million, 2004 is ahead 44.4% compared with 2003.

Consumption is also reported for five US regions:

  • Northeast — March machine tool consumption rose to $34.03 million, a 8.8% gain from February's $31.29 million and a 39.9% advanced compared with March 2003. The year-to-date total of $86.38 million is 59.4% higher than the comparable figure for 2003.

  • Southern — At $52.48 million, March machine tool consumption surged 199.1% higher than the $17.55 million tallied in February, and pulled 21.8% ahead of the total for March 2003. With a year-to-date total of $94.49 million, 2004 has inched 1.8% ahead of 2003 at the same time.

  • Midwestern — With a March total of $112.09 million, machine tool consumption climbed 80.8% from the $62.01 million for the previous month and soared 99.2% versus March 2003. The year-to-date total of $244.21 million beats the comparable 2003 figure by 48.1%.

  • Central — Machine tool consumption rose to $48.78 million, 58.2% higher than February's $30.83 million and 52.8% more than March 2003. Year-to-date consumption reached $107.91 million, 61.4% higher than the same time in 2003.

  • Western — March machine tool consumption totaled $24.96 million, 10.9% less than the $28.02 million for February, but 32.9% more versus March 2003. At $76.52 million, the year-to-date total is 76.4% higher than 2003's comparable figure.

TAGS: Fabrication
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