Mapping Industrial Strength: US Machine Tool Production and Consumption

Key Takeaways 1

Introduction 2

Machine Tools Production 4

Machine Tools Output as a Relative Share of Durable Goods Manufacturing Workers 6

Metal-Forming Machine Tool Production 8

Metal Cutting Machine Tool Production 10

Machine Tools Consumption 13

Machine Tool Consumption as a Relative Share of Durable Goods Workers 17

Metal-Forming Machine Tool Consumption 19

Metal Cutting Machine Tool Consumption 22

Machine Tool Trade Balance 26

Machine Tools Industry: United States Versus China 27

Conclusion 29

Endnotes 30