Machine Tool Orders Slow In July

Jan. 13, 2005
By John S. McClenahen For the machine tool industry, the U.S. economic "soft patch" seems to have continued into July. Gross new orders for U.S. consumption slowed 12.7% to $243.09 million in July, report the American Machine Tool Distributors' ...
ByJohn S. McClenahen For the machine tool industry, the U.S. economic "soft patch" seems to have continued into July. Gross new orders for U.S. consumption slowed 12.7% to $243.09 million in July, report the American Machine Tool Distributors' Association, Rockville, Md., and AMT-the Association for Manufacturing Technology, McLean, Va. In July, new orders for metal-cutting machine tools decreased 7.3% to $225.77 million and new orders for metal-forming machine tools decreased 50.4% to $17.32 million. For 2004 through July, the new order book is fuller, however. Orders total $1.586 billion for the first seven months of this year, 39.3% higher than the $1.139 billion recorded during the first seven months of 2003.

Popular Sponsored Recommendations

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Complexity Reverberates Across Manufacturer Operations

Aug. 21, 2023
Design complexity and revenue disruptions overshadow machine builders’ progress in planning and execution. In this research report conducted by IndustryWeek, learn how implementing...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!