Cutting tool consumption down in February
February U.S. cutting tool consumption totaled $179.3 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 2.3% from January’s total and up 1.6% from February 2014.
The totals here represent about 80 percent of the U.S. market for cutting tools.
“The start of 2015 has shown both January and February surpassing last year’s totals,” said Tom Haag, president of USCTI. “This increase has followed the same pattern in Manufacturing of Durable Goods. These are positive conditions considering the first quarter has faced the adversity of harsh weather conditions and a strong dollar in a weakening global economy.”
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.
