Machine Tool Orders For U.S. Consumption Slow

Jan. 17, 2006
Just at the time some economists are talking about higher capital spending by business offsetting flagging consumer spending comes a report showing machine tool orders slowing at the end of 2005. Gross new orders of machine tools for U.S. consumption ...

Just at the time some economists are talking about higher capital spending by business offsetting flagging consumer spending comes a report showing machine tool orders slowing at the end of 2005.

Gross new orders of machine tools for U.S. consumption totaled $245.04 million in November 2005, down 2.5% from October's $251.36 million, according to data jointly released by the American Machine Tool Distributors' Association and AMT -- The Association for Manufacturing Technology.

New orders for metal-cutting machine tools totaled $233.77 million in November, down 1.8% from October's $238.12 million. New orders for metal-forming machine tools were $11.27 million in November, down 14.9% from October's $13.24 million.

For the first 11 months of 2005, new orders for totaled $2.77 billion, 8.3% higher than 2004's $2.55 billion.

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