Orders for machine tools rose 3% in June compared to year-ago sales, representing the first monthly gain in machine tool sales versus the prior year period since November 2000, according to the latest figures available from the American Machine Tool Distributors' Association (AMTDA, Rockville, MD) and the Association For Manufacturing Technology (AMT, McLean, VA).
US machine tool sales reached nearly $245 million, up 3.3% over $236.8 million reported in June 2002, and an increase of 67.1% over May sales of $146.36 million, according to the June US Machine Tool Consumption (USMTC) report. However, industry year-to-date sales of $952.6 million still trailed last year's YTD total of $1.16 billion by 17.9%. The figures in the USMTC report are based on actual data reported by companies participating in the USMTC program
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