U.S. Cutting Tool Y/Y Consumption Up 4.6% in March
July 1, 2015
March U.S. cutting tool consumption totaled $197.6 million, according to the U.S. Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 9.8% from February's total and up 4.6% from March 2014.
"These numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program," said an association spokesperson. "The totals here represent the majority of the U.S. market for cutting tools."
"As we close the first quarter of 2015, strong cutting tool shipments in March prove that this year's economic outlook remains solid for our industry," said Brad Lawton, Chairman of AMT's Cutting Tool Product Group. "This increase is on track with the positive trend in machine tool orders and durable goods manufacturing. There is a possible caution in the industry regarding the increasing value of the dollar and the potential impact on exports."
For more information contact:
AMT
7901 Westpark Drive
McLean, VA 22102-4206
703-893-2900 / 800-524-0475
amt@amtonline.org
www.amtonline.org
USCTI
1300 Sumner Ave.
Cleveland, OH 44115-2851
216-241-7333
uscti@uscti.com
www.uscti.com
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