U.S. cutting tool consumption drops
April U.S. cutting tool consumption totaled $183.5 million, down 4.6% from April 2014.
According to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology, the May total his total reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration was down 7.9% from March’s total.
“Clearly, the slowdown in the manufacturing sector has caused a decline in April,” said Tom Haag, president of USCTI. “The good news is that year-to-date performance is still above 2014 and the indicators are that it will remain as such throughout the year.”
These 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.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
