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U.S. Cutting Tool Consumption Down 1.2% in February
Apr 21, 2014
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February U.S. cutting tool consumption was $157 million, according to the U.S. Cutting Tool Institute and AMT – The Association for Manufacturing Technology. February was down 1.2% from January 2014 and down 6.8% from February 2013.

“The trend is certainly on an upward climb as incoming orders have indicated a strong finish for the first quarter of the calendar year,” said Tom Haag, President of USCTI.

The report is a monthly statement on U.S. manufacturers’ consumption of the primary consumable in the manufacturing process—the cutting tool. Because it is a true measure of actual production levels, the organizations see analysis of cutting tool consumption as a leading indicator of both upturns and downturns in U.S. manufacturing activity.

Data in the report is based on the totals actually reported by companies in the Cutting Tool Market Report (CTMR) program, and the totals represent about 80% of the U.S. market for cutting tools.

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