US Cutting Tool Demand Falls Again, Reflecting Manufacturing Weakness

US Cutting Tool Demand Falls Again, Reflecting Manufacturing Weakness

The CTMR report on cutting-tool consumption is a useful index to overall manufacturing activity (comparable, as shown, to manufacturers’ shipments of durable goods) because tools must be replaced relatively frequently during manufacturing processes.

U.S. manufacturers consumed $165.68 million worth of cutting tools during May, a decline of 4.6% from the April total and a 4.1% drop from the May 2015 result. Cutting tool consumption is an index to overall manufacturing activity.

Cutting tool consumption is tracked by the U.S. Cutting Tool Institute (USCTI) and AMT – the Association for Manufacturing Technology in the monthly Cutting Tool Market Report (CTMR.) The report includes data from a majority of the cutting-tool manufacturers and distributors in domestic manufacturing. As cutting tools are a primary consumable product involved in the production process for multiple industrial sectors, the report provides an up-to-date index to U.S. manufacturers’ overall activity.

Read More


American Machinist is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.


Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish