Groups report rise inmachine tool purchases
NEW YORK -- Machine tool purchases rose 45.5 percent in December from the previous month, and gained 18.1 percent from the same time a year ago, two industry groups reported.
Companies spent an estimated $198.19 million for machine tools in December, the Association for Manufacturing Technology and the American Machine Tool Distributors' Association said in a report released today.
Analysts consider the demand for machine tools as a reliable indicator of the strength of the manufacturing industry and the overall productivity.
With a year-end total of $2.06 billion, machine tool sales were down 22.8 percent from 2001.
"The machine tool industry closed a dismal 2002 on a high note," said Ralph J. Nappi, the association's president.
To boost demand, Sunadds servers, software
SAN FRANCISCO -- Sun Microsystems launched new servers and software today and slashed prices to help spur demand.
Sun executives said the new Sun Blade Platform and N1 Provisioning Server software will make it easier for companies and research organizations to perform complicated computing tasks -- ranging from the auto industry's use of three-dimensional graphic models to giant retailers' storage of millions of credit-card numbers and customer mailing lists.
The Santa Clara, Calif.-based company will cut prices on some new models of servers up to 35 percent.
Associated Press

Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.