Orders for Machine Tools Jump 44%
Times Staff and Wire Reports
Machine tool orders by U.S. manufacturers shot up 44% in September from the previous month, two trade groups said in a report that suggests growth in the industrial economy still has momentum. A rise in orders means manufacturers are confident enough about future demand to spend money on their factories. The Assn. for Manufacturing Technology and the American Machine Tool Distributors’ Assn. said an estimated $960 million worth of machine tools were ordered in September, up from $667 million in August.
