July U.S. machine tool consumption totaled an estimated $511 million, a 3% rise compared to the revised estimate of $498 million for June, 2000, and up a notable 18% over the estimated $433 million total for July, 1999. The year-to-date total now stands at $3.4 billion for 2000, up 5.8% compared to the same period in 1999.
“The order trend for the year to date, and in particular the last four months, continues to strengthen,” said Ralph J. Nappi, president of the American Machine Tool Distributors’ Association (AMTDA), which, along with the AMT - The Association For Manufacturing Technology, compiles the monthly consumption data of domestic and imported machine tools and related equipment, based on reports submitted by participating companies. “This is especially significant in light of historical seasonal slowdown and tempered capital acquisition in anticipation of the September International Manufacturing Technology Show in Chicago.”
National machine tool consumption (in millions):
Machine tool consumption is also reported on a regional basis for five geographic breakouts within the United States. Here are the figures for July:
- Northeast Region
July machine tool consumption in the Northeast Region stood at $54.62 million, down 12.5% compared to $62.42 million in June, 2000, but up 18.4% compared to July a year ago. Year-to-date machine tool consumption totaled $416.52 million, 9.3% higher than in the comparable period a year ago.
- Southern Region
At $80.54 million, July machine tool consumption in the Southern Region was up 35.9% compared to June, 2000’s $59.26 million, and up 59.5% compared to July, 1999. Year-to-date machine tool consumption rose to $403.95 million, 5.4% higher than the 1999 total for the same period.
- Midwestern Region
Midwestern Region machine tool consumption in July totaled $141.72 million, 5% above the $134.97 million for June, 2000, and 2.7% higher than the total for July a year ago. At $972.68 million, the year-to-date total is down 6.6% compared to the same period a year ago.
- Central Region
Totaling $57.07 million, July machine tool consumption in the Central Region was off 5.4% compared to the $60.32 million for June, 2000, but up 10.8% compared to July, 1999. At $421.56 million, year-to-date machine tool consumption is 4.8% ahead of 1999 at the same time.
- Western Region
Western Region machine tool consumption in July stood at $54.78 million, down 10.5% compared to June, 2000’s $61.22 million, but up 28.1% compared to July a year ago. With a year-to-date total of $373.61 million, 2000 machine tool consumption is 56.5% higher than the comparable figure for 1999.