Cutting Tool Consumption Fell in September for Third Straight Month
U.S. machine shops’ and other manufacturers’ consumption of cutting tools declined in September for the third consecutive month, totaling $171.09 million, down 2.3% from the August total, but nearly even (-0.1%) with the September 2015 result.The data is drawn from the monthly Cutting Tool Market Report, compiled from totals reported by companies who represent the majority of the U.S. market for cutting tools. The U.S. Cutting Tool Institute (USCTI) and AMT – the Association for Manufacturing Technology issue the report each month as an indicator of the scope and trend of overall manufacturing activity, noting that cutting tools are the primary consumable product for manufacturing, meaning that cutting tool consumption is a reliable leading indicator of activity in that segment of the industrial economy.
U.S. Cutting Tool Consumption Rises in August
U.S. Machine Tool Orders Improved During August
Cutting Tool Consumption Down 17.2% in Latest Tally
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About the Author
Robert Brooks
Content Director
Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.
Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)