US Up From Year Ago May Machine Tool Off
The steel machine?http://www.hardware-tools-china.com/? tools report is generally based on a survey of about 200 manufacturers, distributors and importers of steel machine tools that represent 76 percent of the steel machine tool market.
U.S. May steel machine tool demand declined 16.4 percent to $341.21 million from $408.27 million in April, the American steel machine Tool Distributors' Association (AMTDA) and the Association for Manufacturing Technology (AMT) said.
But May demand rose 2.2 percent from $333.80 million in May 2007.
April demand was revised upward from $396.47 million reported a month ago.
In the first five months of 2008, demand for steel machine tools, which gives a sense of the pace of manufacturing, stood at $1.942 billion, up 17.2 percent from $1.658 billion in the same 2007 period.
"The May steel machine?http://www.hardware-tools-china.com/? tool consumption numbers again demonstrated continued strength and growth in many markets across the country, except in the automotive sector in the upper Midwest," AMTDA President Peter Borden said in a statement.
"However, the concerns about energy and commodity prices, along with the traditional summer and pre-IMTS (International Manufacturing Technology Show) buying slowness, may in the next few months reduce the gains that we have seen thus far this year to bring the orders closer to the forecasts," he said.
May demand for steel machine?http://www.hardware-tools-china.com/? tools saw declines of 41.5 percent in the West, 26.2 percent in the Midwest and 11.6 percent in the South. But it rose 7.5 percent in the Central United States and 4.7 percent in the Northeast, according to the report.
Earlier this month the Labor Department reported a 33,000 decline in U.S. June manufacturing jobs. The manufacturing sector has lost jobs every month over the past two years.
Related Tags: steel machine
May demand for steel machine（http://www.hardware-tools-china.com/） tools saw declines of 41.5 percent in the West, 26.2 percent in the Midwest and 11.6 percent in the South. But it rose 7.5 percent in the Central United States and 4.7 percent in the Northeast, according to the report.
Earlier this month the Labor Department reported a 33,000 decline in U.S. June manufacturing jobs. The manufacturing sector has lost jobs every month over the past two years.
steel machine
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