Cutting tool consumption rises
March U.S. cutting tool consumption totaled $197.6 million, 4.6% higher than March 2014.
According to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology, the total reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 9.8% from February.
“As we close the first quarter of 2015, strong cutting tool shipments in March prove that this year’s economic outlook remains solid for our industry,” said Brad Lawton, chairman of AMT’s Cutting Tool Product Group. “This increase is on track with the positive trend in machine tool orders and durable goods manufacturing. There is a possible caution in the Industry regarding the increasing value of the Dollar and the potential impact on exports.”
"Cutting tools are an important market for AMT members to track because tooling consumption correlates strongly with manufacturing output," added Patrick McGibbon, vice president – Strategic Analytics, AMT.
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.
