By John S. McClenahen For machine tools, the big machines that cut and bend metal, recovery from the 2001 U.S. recession is anything but a straight upward line. After an impressive gain in new orders for U.S. consumption in September, orders for both ...
ByJohn S. McClenahen For machine tools, the big machines that cut and bend metal, recovery from the 2001 U.S. recession is anything but a straight upward line. After an impressive gain in new orders for U.S. consumption in September, orders for both metal-cutting and metal-forming machine tools fell in October. Gross new orders for metal-cutting machine tools were $148.93 million in October, down 25.2% from September's $199.09 million. New orders for metal-forming machine tools were $8.66 million, down 44.2% from $15.52 in September. The combined total of $157.58 million for October was 26.6% below September's total of $214.61 million.
