Market update, machine tools

By Staff -- Purchasing, 7/15/1999

Sales of metal cutting and shaping equipment totaled $1.5 billion through April, representing a 44% decline from the same period in 1998. "Softness in our market reflects overall weakness in the manufacturing sector" says Don F. Carlson, president of the Association for Manufacturing Technology in McLean, Va. "Expectations are that a stronger market will be seen in the July-August timeframe."

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