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These
numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC
program.
"Over half of U.S. manufacturers are working with machines made in the 1960s and '70s," said Albert W.
Moore, AMT President. "The only way they can regain international competitiveness is to allow them to fully expense the purchase
of equipment in the year that it is ...
These
numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC
program.
"Over half of U.S. manufacturers are working with machines made in the 1960s and '70s," said Albert W.
Moore, AMT President. "The only way they can regain international competitiveness is to allow them to fully expense the purchase
of equipment in the year that it is acquired. The clock is ticking for American manufacturing; the time for action is now!"
The
United States Machine Tool Consumption (USMTC) report, jointly compiled by the two trade associations representing the production
and distribution of manufacturing technology, provides regional and national U.S. consumption data of domestic and imported
machine tools and related equipment. Analysis of machine tool consumption provides a reliable leading economic indicator
as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity.
U.S.
machine tool consumption is also reported on a regional basis for five geographic break-downs of the United States.
Northeast
Region
Northeast Region machine tool consumption in January stood at $14.28 million, down 37.9% from December's
$23.01 million, and off 35.0% when compared to January 2002.
Southern Region
At $27.27 million, Southern
Region machine tool consumption in January was 27.5% below December's $37.63 million, but 38.7% higher than the total for
January a year ago.
Midwestern Region
January machine tool consumption in the Midwestern Region totaled
$69.32 million, down 10.2% from December's $77.22 million, and 32.0% lower than the total for last January.
Central
Region
With a January total of $24.95 million, machine tool consumption in the Central Region was off 26.0% compared
to December's $33.71 million, and level with January a year ago.
Western Region
Machine tool consumption
in the Western Region in January stood at $13.88 million, down 50.2% from December's $27.86 million and 14.6% below the total
for January 2002.
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