February US machine tool consumption amounted to $242.10 million, according to AMT - The Association for Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association.
The total, as reported in the new US Machine Tool Consumption (USMTC) report, was up 13.5% from January and up 37.9% from the total of $175.52 million reported for February 2004.
With a year-to-date total of $455.48 million, 2005 was up 28.3% compared with 2004.
'Historically, when February results outpace January, machine tool orders are in an acceleration mode,' says John B Byrd III, AMT President. 'That is why I believe our industry, and manufacturing overall, will see continued growth in 2005.'
The United States Machine Tool Consumption (USMTC) report - jointly compiled by the two trade associations representing the production and distribution of manufacturing technology - provides regional and national
At $35.88 million, February Northeast Region machine tool consumption was up 54.1% compared with January's $23.29 million and up 12.4% when compared with February a year ago.
The year-to-date total of $59.17 million was 7.5% higher than the comparable figure in 2004.
Southern Region machine tool consumption in February stood at $33.06 million, down 15.0% from January's $38.88 million, but 78.2% higher than the total for February 2004.
With a year-to-date total of $71.95 million, 2005 was running 60.8% ahead of 2004 at the same time.
February machine tool consumption in the Midwestern Region amounted to $96.92 million, 14.6% higher than January's $84.59 million and 47.8% higher than the total for last February.
At $181.51 million, year-to-date 2005 machine tool consumption was up 29.4% compared with 2004 at the same time.
Central Region machine tool consumption in February stood at $47.52 million, up 11.2% from January's $42.74 million, and up 43.2% when compared with February a year ago.
Year-to-date machine tool consumption amounted to $90.26 million, 45.3% higher than the comparable figure in 2004.
With a total of $28.73 million, Western Region machine tool consumption in February was 20.3% higher than January's $23.87 million, and up 9.3% compared with February 2004.
The year-to-date total of $52.60 million was approximately level with the comparable figure for 2004.
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