American Machinist

Trend starting point?(Business Trends)

IS THIS THE STARTING POINT OF A TREND? AMT--The Association For Manufacturing Technology and the American Machine Tool Distributors' Association (AMTDA) reported June machine tool consumption increased 3.3% from the total reported for June 2002 and 67.1% from May. June tool consumption totaled $244.55 million. This is the first growth in monthly year-on-year comparison since November 2000.

"A single instance does not constitute a trend but a trend must have a starting point," says AMT President Albert W. Moore. Moore also credited the expensing provisions of President George W. Bush's Jobs and Economic Growth tax-relief bill with making the year look more promising. …

Log in to your account to read this article – and millions more.