Here is the latest ‘units sold’ data for the Machine Tool industry. New equipment sales continue to decline and used equipment kicked up a bit.
We are once again at the year-end, which is a season that Machine Tool sales traditionally bounce, on tax related buying. So let’s not be surprised if November and/or December shows a ramp up. It would likely come at reduced pricing (the data below are in units sold, not revenue) and be fleeting. From EDA (markups mine)…
Once again, our comparative to the last recession.
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