U.S. cutting tool consumption falls
February U.S. cutting tool consumption totaled $157 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 1.2 percent from January’s total and down 6.8 percent from February 2013.
“The trend is certainly on an upward climb as incoming orders have indicated a strong finish for the first quarter of the calendar year,” said Tom Haag, president of USCTI.
The Cutting Tool Market Report (CTMR) is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers’ consumption of the primary consumable in the manufacturing process – the cutting tool. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.
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