January cutting tool consumption falls
January U.S. cutting tool consumption totaled $181.9 million, down 1.7% from December’s total but up 1.9% from January 2014.
The Cutting Tool Market Report from the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology provides national U.S. consumption data of domestic and imported tools.
“The industrial production index for manufacturing typically leads cutting tool production by one or two months. January’s 1.7% decrease in shipments mirrors December’s decline in industrial production,” said Pat McGibbon, vice president of AMT’s Strategic Analytics department. “The short lived fall reflected by January’s increase in industrial production leaves us optimistic to see positive cutting tool shipment growth in February and March.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
