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U.S. M-T Orders Up Versus Year-Ago.

Compilers of the U.S. Machine Tool Consumption report figure that orders in February came to an estimated $389-million. That's down 10% from revised figures for January, but up 8% compared to February 1999. The year-to-date total comes to a projected $821-million for 2000 or 6 1/2% above last year.

Don Carlson, president of AMT, one of the two organizations that conducts the survey, notes that two months do not make a trend; nonetheless he's encouraged that the market is firming and setting the stage for IMTS.

February orders reported by participating companies come to $295-million, which accounts for three-quarters of the projected total. By geographic region of the customer, 39% was generated in the Midwest region, 17% in the Northeast, 16% in the Central area of the U.S., and 14% in both the West and the South.

By machine type, the breakdown is $ 243-million for metalcutting, $28-million for forming, and $24-million for other machines like assembly equipment and CMMs.

Overseas orders booked by American buiders came to $50-million during the month.

In Japan, February orders received by builders of metalcutting machine tools rose nearly 18% versus the year before. It was the first month since November 1997 that orders showed a double-digit gain. Orders from domestic Japanese customers rose by 22% for the month, while overseas orders gained by 14%. The stats come from the Japan Machine Tool Builders' Assn. (Tokyo) and represent welcome news to an industry whose recent fiscal years have been hit by continuing sales declines (see story, right).

Separately, U.S. sales of workholding equipment in 1999 were down nearly 20% from year-earlier levels, says AMT.

AMT - The Assn. for Mfg. Technology, McLean, Va. 703-893-2900. Amer.

Machine Tool Distributors' Assn., Rockville, Md. 301-738-1200.
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Publication:Metalworking Insiders' Report
Date:Apr 15, 2000
Words:290
Previous Article:Company News in Brief.
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