US Machine Tools Sales Still Growing Faster

21 Jul 11

USMTC report that US Machine Tool sales in May 2011 were 75.6% (units) and 110.6% (real dollars) more than in May 2010.

Both of these rates of change indicated faster growth than last month. Also the annual rate of change continued to show accelerating growth, moving to 82.9% from 80.8%. Whilst May 2010 was a weak month for machine tool sales, May 2011's total of 2,016 units sold was the third highest since September 2008. Three out of the last seven months have seen unit totals above 2,000 machines sold.

All of this indicates a very strong machine tool market. However it is expected that growth will start to slow soon as the growth rate in consumer durable goods and industrial production has fallen.