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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (17193)	6/13/1999 7:40:00 PM
From: Haim R. Branisteanu	Respond to of 99985

related to inflation fears Sunday June 13, 6:00 pm Eastern Time U.S. machine tool demand fell in April WASHINGTON, June 13 (Reuters) - U.S. demand for machine tools fell 10 percent in April, held down by continued weakness in the manufacturing sector, two industry groups said in a joint report on Sunday. The American Machine Tool Distributors' Association (AMTDA) and the Association for Manufacturing Technology (AMT) estimated April demand at $391 million from $433 million in March. April demand was also down 41 percent from an estimated $667 million in April 1998, the groups said. Orders in the first four months of 1999 were estimated at $1.5 billion, down 44 percent from the same period in 1998, the report said. ''The softness in our market reflects the overall weakness in the manufacturing sector. Expectations are that a stronger market will be demonstrated by the July-August time frame,'' AMT President Don Carlson said in a statement. Machine tools are used to shape metal in making everything from bicycles to aircraft. Demand for these tools can provide a leading indicator of the pace of manufacturing. By region, the report said the Midwest accounted for 39 percent of national demand in April, followed by 21 percent in the Central region and 15 percent in the Northeast. The South accounted for 13 percent of national demand and the West 11 percent, it said. Total units ordered were 1,840 in April, down from 2,141 units in March, the report said. Total orders for the first four months of 1999 were 7,368 units. Export orders totaled 134 units in April, down from 196 units in March. Orders for the January-April period were 561 units, the report said. .

To: James F. Hopkins who wrote (17193)	6/13/1999 8:14:00 PM
From: Les H	Read Replies (3) \| Respond to of 99985

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