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In the first 10 months, the consumption of machine tools in the United States fell by 65.9% year-on-year
The American Association of Manufacturing Technology (AMT) and the American Machine Tool Distributors Association (AMTDA) released the latest statistics on US machine tool consumption on December 14. In October 2009, the US machine tool production was 1,096 units, an increase of 67 units year-on-year; the total machine tool consumption was US$152.68 million, a year-on-year decrease of 2.8% and a month-on-month decrease of 49%. In the first 10 months of this year, the cumulative consumption of machine tools in the United States was 1.37231 billion US dollars, a year-on-year decrease of 65.9%. AMT Chairman Douglas K. Woods said U.S. government data for November showed that the manufacturing recession had bottomed out in the summer. However, for manufacturing as a whole, manufacturing technology orders usually pick up after 2-3 quarters. Although orders in October fell slightly compared with September, the year-on-year data decline gradually narrowed. Although the recovery is relatively slow, the main indicators are improving, which is a gratifying signal. It is expected that the industry will gradually achieve growth in 2010.