The 2020 Mid-Year Economic Update_long

Machine Tool Consumption Up 8.3% Through November

November 2005 U.S. machine tool consumption was up 8.3% year-to-date compared with 2004, with a year-to-date total of $2,766.59 million. Machine tool consumption totaled $245.04 million in November, according to the American Machine Tool Distributors’ Association and the Association for Manufacturing Technology.


This total was down 2.5% from October 2005 and down 6.9% from the total of $263.17 million reported for November 2004.


These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.


‘Machine tool orders for November continue to indicate a steady demand for new capital equipment as we push through the last quarter of 2005,’ said John Healy, AMTDA president. ‘We look ahead to December, which can traditionally strengthen the year-to-date totals.’


The United States Machine Tool Consumption 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 breakdowns of the United States.


Northeast Region
Northeast Region machine tool consumption in November totaled $39.39 million, 12% higher than October’s $35.16 million and up 17.3% when compared with November 2004. The year-to-date $383.11 million total was up 1.4% when compared with 2004 at the same time.


Southern Region
Machine tool consumption in the Southern Region in November stood at $44.94 million, an increase of 27.9% from October’s $35.13 million, and up 0.9% when compared with last November. At $453.62 million, the year-to-date total was 19.1% higher than the comparable figure in 2004.


Midwestern Region
At $65.69 million, November machine tool consumption in the Midwestern Region was 11.9% less than October’s $74.56 million, and 29.7% less than the total for November 2004. The $970.77 million year-to-date total was 2.1% lower than the total at the same time last year.


Central Region
November machine tool consumption in the Central Region reached $58.94 million, 14.9% lower than October’s $69.22 million, but up 2.8% when compared with November 2004. At $587.20 million, the year-to-date total was 21.9% higher than the comparable figure a year ago.


Western Region
Western Region machine tool consumption in November totaled $36.09 million, off 3.2% from October’s $37.3 million, but 5.1% higher than the November 2004 total. The $371.89 million year-todate total was 15.3% above the comparable figure for 2004.

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