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According to the cutting tool market report (ctmr) issued jointly by uscti and manufacturing technology association (amt), the total consumption of cutting tools in the US in September was US$160 million, a decrease of 3.8% from the previous month and a year-on-year decrease of 3.1%. The total tool consumption in the first nine months reached US$1.5 billion, a year-on-year decrease of 6.7%.
According to comprehensive statistics, the consumption of cutting tools in the United States in the first half of 2013 was US$1.014 billion, a year-on-year decrease of 8.2%. Consumption in June was $155 million, down 12.8% year-on-year; spending in July was $157 million; August consumption was $160 million, a year-on-year decrease of 13.2%. In addition to September, the rate of decline has increased since June. The current monthly spending is maintained at about 160 million US dollars.
Bradlawton, president of the cutting tool product group at the American Manufacturing Technology Association, said that the decrease in shipments of cutting tools compared to 2012 was mainly due to the slowdown in orders for metal products; it is expected that the power generation equipment and aircraft and parts industries will grow in 2014.
The Cutter Market Report (ctmr) is a monthly report jointly launched by the American Association for Manufacturing Technology and the Tool Association. The purpose of the cooperation between the two associations is to promote and support the foundation of US manufacturing—cutting tools. The company hopes to analyze US manufacturing activities based on tool consumption. To measure true production.