USMTO Report Chart for August 2014

US Machine Tool Orders Up Slightly

Machine tool orders rise slightly over July's meager results, but do not offset this year's lower demand.

$356.69 million worth of new machine tools and related technology were ordered by U.S. machine shops and other manufacturers during August, less than 1% more than during July ($355.18 million) and 6.0% less than during August 2013.

The figures are drawn from the latest U.S. Manufacturing Technology Orders report, a monthly summary of actual data prepared by The Association for Manufacturing Technology (AMT).

USMTO figures are actual data reported by participating manufacturers and distributors, and cover demand for metal-cutting equipment and metal forming and fabricating equipment, both domestically sourced and imported products, with the combined figure representing the monthly total.

Read the full report on American Machinist, a companion site of IndustryWeek and part of Penton's Manufacturing and Supply Chain group.

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