Machine Tool Consumption figures totaled an estimated $474 million, up 8% compared to the revised estimate of $471 million for October, and up 8.7% compared to the estimated $437 million for November 1999. With the year-to-date total computed at $5.4 billion, 2000 is up 1.4% compared to the same period in 1999.
"Activity in the midwest has slowed with orders off by 14% year to date compared to 1999," stated Ralph J. Nappi, president of the American Machine Tools Distributors Association (AMTDA), which together with the Association for Manufacturing Technology (AMT), compiles the monthly consumption data of domestic and imported machine tools and related equipment, based on reports submitted by participating companies. "Yet the central and western regions are up 6% and 53%, respectively. Much of these regions' increases can be attributed to capital investment by the technology and aerospace sectors.”
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 November:
- Northeast Region
In the Northeast region, machine tool consumption stood at $67.94 million, up 8.1% compared to October’s $62.85 million but down 10.6% compared to November, 1999. Year-to-date machine tool consumption rose to $691.98 million, up 6.6% from the comparable figure for 1999.
- Southern Region
In the Southern region machine tool consumption checked in at $52.09 million, 10.9% ahead of October’s $46.98 million and up 4.9% over than the total for last November. The year-to-date total, $602.45 million, was down 1.2% compared to the same period in 1999.
- Midwestern Region
In the Midwest, the monthly total was $112.74 million, down 3.3% compared to October’s $116.64 million, and down 2.4% compared to last November. The year-to-date total stands at $1.48 billion, 13.8% lower than the comparable figure for last year.
- Central Region
In the Central region, the total was at $57.41 million, down 20.5% from October’s $72.21 million, and down 5.3% compared to November, 1999. The year-to-date figure was $695.84 million, up 5.7% compared to last year.
- Western Region
In the Western region, the total was $70.42 million, up 19.2% compared to October’s $59.07 million and up 134.6% compared to November a year ago. At $695.84 million, the year-to-date figure was up 52.8% compared to the same period in 1999.