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September machine-tool orders slip 10% below 2002, gain over August.

At $175.8-million, new orders for machine tools placed during September with builders and distributors in the USMTC program fall nearly 10% below the level posted during the IMTS month of September 2002. The new monthly figure, however, represents a 25% increase over orders placed in August, whose total is revised downward from first-round estimates.

"Both broad and specific indicators suggest we are at the beginning of a long and painful climb from the bottom," says a cautious Ralph J. Nappi, president of the American Machine Tool Distributors' Assn., which together with AMT compiles the monthly USMTC statistics.

Year-to-date, 2003 at $1,389.7-million is 16% behind the 2002 period.

By type, year-to-date metalcutting machine tools, which account for 91% of total orders, are running 16.5% less than last year; metalforming machines are 12% below.

Each of five U.S. region's monthly share is shown on the map. With 44% of total U.S. orders in September, the Midwest slightly exceeded its year-to-date average of 38% share.

Amer. Machine Tool Distributors' Assn., Rockville, Md. 301-738-1200.

AMT--The Assn. for Mfg. Technology, McLean, Va. 703-893-2900.
Gross New Orders for U.S. Consumption
All Machine Tools, September 2003

West $17-M 10%
Central $29-M 16%
Midwest $77-M 44%
South $28-M 16%
Northeast $25-M 14%
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Publication:Metalworking Insiders' Report
Date:Nov 25, 2003
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