July US cutting tool consumption totaled $177.5 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 6% from June\u2019s total and down 5.6% from July 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 the majority of the U.S. market for cutting tools.
\n\u201cCaution is the condition of the month as we note the flat to declining cutting tool market performance. \u00a0Changing currency values coupled with low oil prices support these conditions, with an outlook for improvements in the fourth quarter,\u201d says Brad Lawton, chairman of AMT\u2019s Cutting Tool Product Group.
\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.\u00a0Analysis 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. \u00a0This 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
July US cutting tool consumption totaled $177.5 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 6% from June\u2019s total and down 5.6% from July 2014. These numbers and all<\/p>\n