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