December 2009 Machine Tool Sales
On December 8th, the USMTC released its monthly report on machine tool orders.
On December 8th, the USMTC released its monthly report on machine tool orders. The report showed that December was by far the best month for machine tool sales in 2009. Both December unit and dollar sales were at their highest level in 2009. Also, December showed the best relative performance to the prior year of any month in 2009. Although December 2009’s unit sales were still down 11.1% compared to December 2008, real dollar sales in December 2009 were 6.8% higher than they were in December 2008. The chart USMTC Machine Tool Sales shows unit sales and dollar sales (I show real dollar sales here while USMTC reports nominal dollar sales) as reported by USMTC. The dotted red line represents my forecast for machine tool unit sales for 2010. Keep in mind that the USMTC report doesn’t capture the entire market and that participation in the survey has increased over time.