By John S. McClenahen After posting their highest level in four years in September, gross new orders of machine tools for U.S. consumption slipped 38.9% in October to $234.44 million, AMT - The Association for Manufacturing Technology and the American ...
ByJohn S. McClenahen After posting their highest level in four years in September, gross new orders of machine tools for U.S. consumption slipped 38.9% in October to $234.44 million, AMT - The Association for Manufacturing Technology and the American Machine Tool Distributors' Association jointly reported this week. Orders for metal cutting machine tools were $225.38 million in October, down 38.9% from September's $368.75 million. Orders for metal forming machine tools were $9.06 million in October, down 39.9% from September's $15.08 million. For the first ten months of 2004, new orders totaled $2.38 billion, 42.6% higher than the $1.669 billion figure for January through October 2003.
