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June U.S. Cutting Tool Consumption Strongest of 2014
Aug 14, 2014
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June U.S. cutting tool consumption totaled $181 million, was up 7.3% from May 2014 and up 9.9% from June 2013. The data was reported by the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.

The organizations say cutting tool consumption is a true measure of actual U.S. production levels and this serves as an indicator of upturns and downturns in manufacturing activity.

“June represents the strongest sales numbers in 2014 which projects optimism for the remainder of the year,” said Tom Haag, President of USCTI. “This strong month has continued to gain ground versus 2013 sales for the 5th consecutive month and sets the stage for surpassing last year’s totals.”

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.

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