Industry Headlines

Machine-Tool Consumption up 13.5%

June 1, 2005
/ Print / Reprints /
/ Text Size+

MCLEAN, VA-U.S. machine-tool consumption (USMTC) continues to rise. This February, the total reached $242.10 million according to the Association for Manufacturing Technology (AMT) and the American Machine Tool Distributors' Association (AMTDA). This is an increase of 13.5% from January and an increase of 37.9% from the total of $175.52 million reported for February 2004. With a year-to-date total of $455.48 million, 2005 is up 28.3% compared with 2004. Data is compiled from companies participating in the USMTC program.

Regionally, the Northeast has seen the biggest increase in machine-tool consumption with a total of $35.88 million, up from $23.29 million

in January.

"Historically, when February results outpace January, machine-tool orders are in an acceleration mode," says John B. Byrd III, AMT president. "That is why I believe our industry, and manufacturing overall, will see continued growth in 2005."

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.




 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

Quality Magazine


2014 September

Check out the September 2014 edition of Quality Magazine for features!

Table Of Contents Subscribe

The Skills Gap

What is the key to solving the so-called skills gap in the quality industry?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.



facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png