Cutting tools are described as “the primary consumable in the manufacturing processs,” and the year-to-date decline is illustrative of the decelerating demand in overall manufacturing activity.

US Cutting Tool Consumption Rises, Still Off-Pace YTD

Dec. 11, 2015
+3.4% September-to-October rise in consumption ends three-month slide, cannot overcome 10-month trend $177.2 million total -15.4% year/year Optimism about aerospace, automotive

U.S. manufacturers consumed $177.2 million worth of cutting tools during October, the total rising 3.4% above the September result, ending a three-month decline for an index that closely tracks overall manufacturing activity. However, the latest figure remains 15.4% behind the level recorded for last October.

The new result also means the 10-month total for 2015 cutting-tool consumption is 3.4% behind the pace set in 2014.

The monthly Cutting Tool Market Report (CTMR) is presented jointly by the U.S. Cutting Tool Institute (USCTI) and AMT - the Association for Manufacturing Technology, which track consumption of cutting tools as an indicator of manufacturing activity in the U.S.

CTMR data is based on actual totals reported by participating companies, who the sponsors note represent the majority of the U.S. market for cutting tools.

The sponsors maintain that cutting tools are “the primary consumable in the manufacturing process,” and that cutting tool consumption “is a true measure of actual production levels.” By contrast, the monthly U.S. Manufacturing Technology Orders report presented monthly by AMT measures new orders for machine tools as an indicator of manufacturers’ confidence in the future business cycle.

Read the details reported at

Popular Sponsored Recommendations

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Digital Production Tracking: How Connected Platforms with No-Code Deliver Value

Sept. 19, 2023
Manual tracking lacks the real-time visibility manufacturers need to identify root causes and remain competitive. Digital, connected production tracking is crucial for your operations...

The Future of Manufacturing – How Will it Evolve?

April 18, 2023
Manufacturing is in a constant race for productivity and efficiency. This report discusses the challenges and opportunities manufacturers face and how integrated communication...

Simplify Partner Engagement: A Guide for Manufacturers

Sept. 11, 2023
Design a winning partner program. Make selling faster and easier for partners, to increase mutual success with the help of automation. Download this guide to learn more about ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!