Machine tool consumption jumps in 2005
December U.S. machine tool consumption totaled $311.03 million, according to The Association For Manufacturing Technology and the American Machine Tool Distributors’ Association. This total was up 30.8% from November and up 7.8% from the total of $288.54 million reported for December 2004. With a year-end total of $3,080.61 million, 2005 was up 8.4% compared with 2004.
“December orders for machine tools increased an impressive 31 percent over November, bringing total year-over-year growth of 8.4% for the nation,” said John B. Byrd III, AMT President. “Regionally, the health of the Central region’s construction and agricultural equipment industries had a positive effect on machine tool orders while the struggling automotive industry has had the opposite effect in the Midwest. Improved health of all customer markets in 2006 will mean a positive outlook for our industry.”
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey