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U.S. machine tool orders at lowest point since '91.

July machine tool consumption totaled $19187 million according to the AMT -- The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association.

This total was down 187% from June and down 429% from the total of $33627 million reported for July 2000 With a year-to-date total of $167220 million, 2001 is down 293% compared to the same period in 2000

"The decline in manufacturing activity to its lowest horizontal since the last recession in 1991 has slowed real investment in novel manufacturing technology to the lowest point in





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