Machine tool consumption rises

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The latest data from the United States Machine Tool Consumption Report (USMTC) indicate that machine tool consumption in the US totaled approximately $46 million in May. This total represents an increase of 8% from April, but a decrease of 8.5% when compared to the estimate of $510 million for May 1999.

Cumulative consumption through May has been computed at $2.3 billion. When compared to 1999, consumption data reveal a 4% increase.

The USMTC report, jointly compiled by AMT and AMTDA, the American Machine Tool Distributor's Association, provides regional and national data on consumption of domestic and imported machine tools and related equipment in the United States.