January U.S. cutting tool consumption totaled $181.9 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 down 1.7% from December\u2019s total and up 1.9% from January 2014.
\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.
\n\u201cThe industrial production index for manufacturing typically leads cutting tool production by one or two months. January\u2019s 1.7% decrease in shipments mirrors December\u2019s decline in industrial production,\u201d said Pat McGibbon, Vice President of AMT\u2019s Strategic Analytics department. \u201cThe short lived fall reflected by January\u2019s increase in industrial production leaves us optimistic to see positive cutting tool shipment growth in February and March.\u201d
\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.
\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 technolo<\/p>\n","protected":false},"excerpt":{"rendered":"
January U.S. cutting tool consumption totaled $181.9 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 down 1.7% from December\u2019s total and up 1.9% from January 2014. These numbers and all<\/p>\n