Fastener Shanghai
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->November US Cutting Tool Consumption Up Nearly 10%...You are the 361170 visitors
Views:582   |   recommendation:   |   Votes:0   |   Discuss:0
November US Cutting Tool Consumption Up Nearly 10% YoY

November U.S. cutting tool consumption totaled $185.00 million according to the U.S. Cutting Tool Institute and the Association For Manufacturing Technology (AMT). This total was down 6.6 percent from October’s $198.00 million and up 9.6 percent when compared with the $168.70 million reported for November 2016. With a year-to-date total of $2.020 billion, 2017 totals were up 8.2 percent when compared with 2016.

These numbers and all data in this report are based on the totals reported by the companies participating in the Cutting Tool Market Report program. The totals represent the majority of the U.S. market for cutting tools.

“The year to date growth over 2017 continues to be above 8.0 percent, and movement on tax reform should continue to energize the economy,” said Brad Lawton, Chairman of AMT’s Cutting Tool Product Group. “With that vision, the cutting tool industry is ready to do our part in promoting the promising economic growth for our nation in 2018.”

“Growth in the manufacturing sector in the U.S. and around the world improved as the year came to a close,” said William Strauss, Senior Economist at the Federal Reserve Bank of Chicago. “Continued recovery in the energy and chemical industries was a big part of the strength. The automotive industry was a drag on activity through the first half of the year, but a temporary boost due to replacing hurricane-damaged vehicles assisted the end-of-year sales.”

The Cutting Tool Market Report 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. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.

Source: Industrial Distribution

2018/1/12 15:39:00

Previous:    Fastener Distributor Index Posts Modest December Increase
        Next:    Bossard US Sales Jumped More Than 18% In 2017

Recent Related News
U.S. Fed raises interest rates, signals two more rate hikes in 2018--2018-03-22
January Fastener Distributor Index Posts Strong Gain--2018-02-08
U.S. factory orders rise for 4 consecutive months--2018-01-08
October U.S. Cutting Tool Consumption Shows Major Growth--2017-12-15
September U.S. Cutting Tool Consumption Down Slightly YoY--2017-11-09
July U.S. Cutting Tool Consumption Up 16% YoY, Down From June--2017-09-15
June U.S. Cutting Tool Consumption Up 6% Year-Over-Year--2017-08-15
May U.S. Cutting Tool Consumption Rises Sharply--2017-07-17
China's industrial output expands 6% in 2016--2017-01-22
October U.S. Cutting Tool Consumption Down 6.9% Year-To-Date--2016-12-16
US Fasteners Imports from China Decline in the First Seven Months --2016-12-06
US auto sales jump more than expected in November--2016-12-05

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener3fastener

Fastener Shanghai

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany

Show Room

Offer Product

Latest News
• CSC to hike prices for Q2 deliveries as global steel supplies remain tight

• U.S. Fed raises interest rates, signals two more rate hikes in 2018

Buyers' Guide
Company News

• JIN CHI MACHINE: Precision High Speed Screw Manufacturer

• Dongtai Huawei to Attend Korea 2017 Metal Week, Booth No. 8a103, Welcome to Visit Us!

The Way to Enter Chinese Market
The Way to Enter Chinese Market