Printer Friendly

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%
COPYRIGHT 2003 Gardner Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Metalworking Insiders' Report
Date:Nov 25, 2003
Words:211
Previous Article:Machinery museum selects trustees.
Next Article:Olympia in receivership, will attempt reorganization.


Related Articles
MachineTools.com launches financing center.
The proliferation of the dot com.
September machine tool consumption up 24.8%.
2003 machine tool consumption closing gap with prior year.
Construction employment falls after 10 month rally.
Single control source cuts it for saw maker.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |