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U.S. orders for machine tools continue year-on-year advance.
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Orders for new machine tools reported under the U.S. Machine Tool Consumption program of the distributors' organization and the AMT came to $257.4-million in April, down 8% from March but up 29% from the level in April 2004.
Year-to-date, 2005 orders stand at $969.4-million, or 19% ahead of 2004. The statistics, reported by distributor and builder participants in the USMTC program, traditionally are thought to represent three-quarters of the U.S. market in new machine tools.
The continued impressive increases in investment, remarks AMT president John B. Byrd III, ...
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