U.S. cutting tool consumption down 1.9%
September U.S. cutting tool consumption totaled $170.8 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 1.3% from August’s total, down 11.7% from September 2014 and down 1.9% when compared year-to-date in 2014.
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.
"The month to month performance shows little change and certainly no significant recovery from the effects of the strong dollar and low oil prices, therefore the current industry conditions will continue," said Brad Lawton, chairman of AMT’s Cutting Tool Product Group. This September was expected to be down from 2014’s numbers as IMTS bloomed into shipments in 2014.
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