US machine tool consumption fell by 50% year-on-year

According to the statistics of the American Machine Tool Dealers Association (AMTDA) and the American Manufacturing Technology Association (AMT), in November 2008, machine tool consumption in the US market totaled $1,855.7 million, a decrease of 34.7% from the same period in October, compared with the same period last year. It fell by 51.4%.
From January to November 2008, the US machine tool consumption reached 400,431 trillion US dollars, which is still a 2.8% year-on-year increase compared to 2007.
The president of AMTDA pointed out that “machinery consumption has averaged more than 2,000 units per month for three consecutive years, but it has fallen to a lower level. In fact, it has not experienced such low values ​​since January 2004 and January 2005. We are not optimistic about whether there will be high-speed growth in the future unless the new government can bring new confidence to the US economy.

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