Machine tool demand falls

Reuters has reported that U.S. November machine tool demand fell 34.7 percent to $185.57 million from $284.27 million in October, the American Machine Tool Distributors' Association (AMTDA) and the Association for Manufacturing Technology (AMT) said in a joint report January 11.

The demand plunged 59.3 percent in the West, 45.2 percent in the Central region, and 32.3 percent in the Midwest. It was down 19.9 percent in the Northeast and 4.5 percent in the South.

November demand was down 51.4 percent from $381.76 million in November 2007.

The full article from Reuters can be found here.