First-half machine tool consumption up 32%
June U.S. machine tool consumption totaled $236.93 million, according to the Association For Manufacturing Technology and the American Machine Tool Distributors' Association. This total was up 19.5% from May and up 0.9% from the total of $234.79 million reported for June 2003. With a first-half total of $1,249.68 million, 2004 is up 31.9% compared with 2003.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
"June's machine tool orders capped a strong first half as manufacturers scrambled to get equipment in place before the 50% Expensing Allowance expires on Dec. 31," said John B. Byrd III, AMT president. "Next month's International Manufacturing Technology Show in Chicago may be ...