U.S. Cutting Tool Consumption up 3.2% in July (AMT/CMTR Report)

September 11, 2013 - July U.S. cutting tool consumption totaled $159.5 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 3.2 percent from June’s total but down 0.2 percent from July 2012.  Year-to-date shipments are $1.17 billion, which is down 7.2 percent from the same period in 2012.

These numbers and all data in this report are based on the totals actually reported by the companies participating in the CMTR program.  The totals here represent about 80 percent of the U.S. market for cutting tools.

“Most economic indicators for manufacturing for July were in line with cutting tools, showing small improvement for the month,” said Brad Lawton, chairman of AMT’s Cutting Tool Product Group. “Key customer industries such as motor vehicles are poised for a strong autumn.”

The Cutting Tool Market Report (CTMR) is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers’ consumption of the primary consumable in the manufacturing process – the cutting tool.  Analysis of cutting tool consumption is leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.

Historical data for the Cutting Tool Market Report is available dating back to January 2012.  This collaboration of AMT and USCTI is the first step in the two associations working together to promote and support U.S.-based manufacturers of cutting tool technology.

 

# # #

(CTMR data is also available at www.AMTonline.org.)

ISSN# 10807756

--

 

Contact:

Pat McGibbon, AMT, 703-827-5255

Email Contact

 

Charles Stockinger, USCTI, 216-241-7333

Email Contact




Review Article Be the first to review this article
SolidCAM: 10K CAM Contest

Featured Video
Jobs
CAD Design Specialist I for Waterpik, Inc. at Fort Collins, CO
IT Analyst III (GIS) for Orange County Sanitation District at Fountain Valley, CA
Upcoming Events
MOULDING EXPO at Messepiazza 1 70629 Stuttgart Germany - May 30 - 2, 2017
32nd International Forum on Design for Manufacture and Assembly (DFMA) at Crowne Plaza Hotel 801 Greenwich Avenue Warwick RI - Jun 6 - 7, 2017
Collier Research Composites Design Summer Training Class at 760 Pilot House Drive Newport News VA - Jun 12 - 16, 2017
2017 ESPRIT World Conference at Universal City CA - Jun 12 - 16, 2017
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise