First Quarter Machine Tool Consumption Up 4.8%
U.S. machine tool consumption was up 4.8% to $725.59 million in the first quarter 2006 compared with the same period last year, according to the American Machine Tool Distributors' Association and The Association for Manufacturing Technology.
March U.S. manufacturing technology consumption totaled $247.21 million, down 5.8% from February and down 10% from the total of $274.57 million reported for March 2005.
"U.S. manufacturing companies continue to invest in new machine tool technology to further improve their manufacturing productivity to keep pace with economic growth," said John J. Healy, AMTDA president. "The Western and Central regions of the U.S. showed particularly strong double digit growth spurred by aerospace, defense, medical and energy ...