November 10, 2008
In a joint report, the American Machine Tool Distributors' Association and the Association for Manufacturing Technology have announced that U.S. September machine tool demand increased 32.0 percent to $439.51 million from $333.03 million in August.
In the nine months ending in September, demand for machine tools stood at $3.463 billion, up 11.4 percent from $3.109 billion in the same 2007 period.
September demand fell 1.4 percent from the $445.56 million recorded in September 2007. August demand was revised upward from an initially estimated $323.07 million.
September demand for machine tools rose 146.6 percent in the South, 47.5 percent in the Northeast, 28.5 percent in the Central region, 14.1 percent in the West, and 6.8 percent in the Midwest, the report said.