{"id":4518,"date":"2015-02-12T18:18:10","date_gmt":"2015-02-12T18:18:10","guid":{"rendered":"http:\/\/mfgtechupdate.com\/?p=4518"},"modified":"2015-02-12T18:18:10","modified_gmt":"2015-02-12T18:18:10","slug":"u-s-cutting-tool-consumption-7-2-december","status":"publish","type":"post","link":"https:\/\/mtuupdate.in\/mtu\/2015\/02\/12\/u-s-cutting-tool-consumption-7-2-december\/","title":{"rendered":"U.S. Cutting Tool Consumption Up 7.2% in December"},"content":{"rendered":"<p>December U.S. cutting tool consumption totaled $168.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT \u2013 The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 7.2% from November\u2019s total and up 20.3% from December 2013.<br \/>\nThese numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program. The totals here represent about 80 percent of the U.S. market for cutting tools.<br \/>\n\u201cThe 2014 calendar year closed with a flurry and the overall growth in the cutting tool industry reporting was 5.0% year over year,\u201d said Tom Haag, president of USCTI. \u201cThis is an indication that our market is steady and strong despite some volatility in the monthly statistics this past calendar year. December was a reflection on the auto industry perpetuating its strong growth while aerospace markets continue to work on an enormous backlog. The December sales closed a year with a strong message that manufacturing is still driving growth in our economy.\u201d<br \/>\n<a href=\"http:\/\/mfgtechupdate.com\/wp-content\/uploads\/2015\/02\/AMTonline_CuttingT_Feb2015.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4519\" src=\"http:\/\/mfgtechupdate.com\/wp-content\/uploads\/2015\/02\/AMTonline_CuttingT_Feb2015.gif\" alt=\"AMTonline_CuttingT_Feb2015\" width=\"700\" height=\"368\" \/><\/a><br \/>\nThe Cutting Tool Market Report 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\u2019 consumption of the primary consumable in the manufacturing process \u2013 the cutting tool. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.<br \/>\nHistorical 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.<br \/>\nCourtesy: AMTonline.org<\/p>\n","protected":false},"excerpt":{"rendered":"<p>December U.S. cutting tool consumption totaled $168.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT \u2013 The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 7.2% from November\u2019s total and up 20.3% from December 2013. These numbers and all<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/mtuupdate.in\/mtu\/2015\/02\/12\/u-s-cutting-tool-consumption-7-2-december\/\" title=\"Read More\">Read More<\/a><\/div>\n","protected":false},"author":2,"featured_media":1224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,1],"tags":[146,1882],"class_list":{"0":"post-4518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-today-in-mfg","8":"category-uncategorized","9":"tag-amt","10":"tag-uscti"},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/posts\/4518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/comments?post=4518"}],"version-history":[{"count":0,"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/posts\/4518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/media?parent=4518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/categories?post=4518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mtuupdate.in\/mtu\/wp-json\/wp\/v2\/tags?post=4518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}