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Article: Executives ponder recovery: when will machine tool sales turn up? (Outlook 2003).
- Article from:
- Tooling & Production
- Article date:
- January 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Nelson Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The starting point for any 2003 U.S. machine tool forecast is found in identifying and quantifying likely growth scenarios for the U.S. economy. Emphasis is on U.S. durable goods manufacturing and industry trends that are likely to spur recovery in capital equipment investment.
The industry's scorecard for measuring U.S. Machine Tool Consumption (USMTC) is jointly compiled by AMT-The Association For Manufacturing Technology and the American Machine Tool Distributors' Association (AMTDA), representing the production and distribution of manufacturing technology, respectively.
Unfortunately, machine tool consumption has continued a downward spiral, plunging ...