Machine Tool Orders Reflect Capex Rise

Jan. 13, 2005
By John S. McClenahen With the U.S. economy continuing to recover and capital spending on the rise, gross new orders for metal-cutting machine tools in March for U.S. consumption increased 65.7%, according to data jointly released this week by the ...
ByJohn S. McClenahen With the U.S. economy continuing to recover and capital spending on the rise, gross new orders for metal-cutting machine tools in March for U.S. consumption increased 65.7%, according to data jointly released this week by the American Machine Tool Distributors' Association (AMTDA), Rockville, Md., and AMT--The Association for Manufacturing Technology, McLean, Va. Orders for machine tools that cut metal were $261.85 million in March, compared with $158.07 million in February. In contrast, new orders for metal forming machine tools declined 9.7%, falling to $10.49 million in March from $11.62 million in February. Total new orders for U.S. consumption in March, which combines new orders for metal cutting and metal forming machine tools, were $272.34 million, up 60.5% from $169.69 million in February. "Tax incentives and a need for the latest technology to reduce manufacturing costs are driving the current surge in capital investments in the U.S.," states Ralph J. Nappi, AMTDA's president.

Popular Sponsored Recommendations

Metal 3D Printing Fundamentals

June 29, 2023
Go from digital CAD file to metal part in one day. How?

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Machine Learning and Predictive Analytics Guidebook for Engineers

Sept. 27, 2023
Leverage Domain Expertise to Drive Optimization – Without Needing a Data Scientist.

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Voice your opinion!

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