U.S. cutting tool consumption falls
May U.S. cutting tool consumption totaled $169 million, down 3.5 percent from April and down 4.4 percent from May 2013.
The totals were reported by U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. The totals here represent about 80 percent of the U.S. market for cutting tools.
“Overall cutting tools shipments were down in May despite many other manufacturing indicators being positive in the same time period,” said Brad Lawton, chairman of AMT’s Cutting Tool Product Group. “This down month should be taken in context with that other data and an upward 3-month trend.”
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