June U.S. machine tool consumption totaled $253.22 million, according to the American Machine Tool Distributors' Association and The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 7.2% from May and down 28.5% from the total of $354.28 million reported for June 2000. With a year-to-date total of $1,487.03 million, 2001 is down 26.7% compared to the same period in 2000.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program. 'The general production malaise within the manufacturing sector continues to wreak havoc on machine tool orders,' stated Ralph J. Nappi, president of AMTDA. 'All regions of the country are experiencing declines for the first half of the year. Future manufacturing investment will depend on how quickly our economy will react to the fiscal and monetary policies currently being implemented by the government.'
U.S. machine tool consumption is also reported on a regional basis for five U.S. regions:
At $46.77 million, June Northeast Region machine tool consumption fell 4.3% compared to May's $48.88 million, and was down 17.0% compared to last June. Year-to-date consumption totaled $263.98 million, off 23.7% compared to the same period last year.
With a total of $34.61 million, Southern Region machine tool consumption in June was down 5.7% compared to the $36.70 million tallied in May, and down 38.4% compared to June 2000. Year-to-date orders total $196.04 million, 32.9% behind 2000 at the same time.
Midwestern Region machine tool consumption in June totaled $60.59 million, 33.1% below May's $90.55 million, and off 48.9% compared to June a year ago. Standing at $500.55 million, year-to-date consumption was down 31.9% when compared to 2000 at the same time.
June machine tool consumption in the Central Region rose to $81.04 million, up 18.1% compared to May's $68.61 million, and up 31.4% compared to June 2000. At $327.38 million, year-to-date consumption is 4.1% short of 2000 at the same time.
With a total of $30.22 million, June machine tool consumption in the Western Region was 6.9% higher than May's $28.27 million, but off 50.9% compared to June 2000. Year-to-date consumption totaled $199.08 million, 36.6% below the comparable figure for 2000.