Cutting tools consumption down
May U.S. cutting tool consumption totaled $172.8 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 6% from April’s total and down 7% from May 2014.
These numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.
“The decline in May cutting tool shipments data is not surprising given the changing market, seasonal shutdowns and economic environment faced by our industry,” said Brad Lawton, chairman of AMT’s Cutting Tool Product Group. “The monthly swings in shipments are consistent with expectations for a flat year relative to 2014.”
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.
