Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->U.S. Cutting Tool Consumption Up 13.4 Percent in J...You are the 619415 visitors
Views:588   |   recommendation:   |   Votes:0   |   Discuss:0
U.S. Cutting Tool Consumption Up 13.4 Percent in January

January 2019 U.S. cutting tool consumption totaled $208.27 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 collaboration, was up 10.1 percent from December’s $189.1 million and up 13.4 percent when compared with the $183.6 million reported for January 2018.

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

“As the Cutting Tool Industry starts 2019, the review of 2018 shows a good growth of 13 percent," says Brad Lawton, chairman of AMT's Cutting Tool Product group. "The reasonable question for all is, will 2019 continue to show the economic strength or will the forecasts come true with an end of year slowing? The Cutting Tool Industry has done well in spite of material cost increases, labor shortages and global trade unrest and we are poised to continue."

“Cutting tool consumption continued at high levels in January 2019 rising 13.4 percent Y/Y, in line with the 12.5 percent reported for calendar 2018," says Eli Lustgarten, president of ESL Consultants. "Demand is consistent with recent Institute of Supply Management’s Purchasing Managers Index of 56.6 and 54.2 in January and February which suggests a moderating but firm manufacturing sector in the first half of 2019.

However, storm clouds continue to be visible with automotive and housing demand slowing, volatile energy and commodity prices, ongoing trade tensions, and the unfolding global economic slowdown particularly in China and the EU. Comparisons will get tougher as the year progresses with orders likely to trail shipments. This sets the stage for a slower second half of 2019 into 2020 without some positive economic stimulation.”

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.

Historical data for the Cutting Tool Market Report is available dating back to January 2012. This collaboration of AMT and USCTI is the first step in the two associations working together to promote and support U.S.-based manufacturers of cutting tool technology.

The graph below includes the 12-month moving average for the durable goods shipments and cutting tool orders. These values are calculated by taking the average of the most recent 12 months and plotting them over time.
 
Source: Industrial Distribution

2019/3/19 16:03:00

Previous:    CFD 2019 is Now Available! Get it FREE!
        Next:    Bossard Confirms Record Sales for 2018

Recent Related News
US floats tariffs on $11bn of EU products--2019-04-15
U.S. Cutting Tool Consumption Up 8 Percent In February--2019-04-12
U.S. Cutting Tool Consumption Up 8.1 Percent in December--2019-02-27
Cutting Tool Numbers Up 13.2 Percent Over Prior Year in November Report--2019-01-21
Taiwan’s Hand Tools Export is Expected to Reach New High--2019-01-12
U.S. Cutting Tool Consumption Ticks up in October--2018-12-20
U.S. Cutting Tool Consumption up 13.9 Percent in August--2018-10-15
U.S. Cutting Tool Consumption Rises 17.6 Percent in July--2018-09-30
US, China raise tariffs in new round of trade dispute--2018-08-24
RUSSIA LAUNCHES TARIFFS ON U.S. AS KREMLIN CALLS TRUMP’S MOVE ‘PROTECTIONIST’--2018-07-09
U.S. suspends metals tariffs for EU, 6 other economies--2018-03-26
U.S. Fed raises interest rates, signals two more rate hikes in 2018--2018-03-22

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener2fastener

Fastener Trade Show Suzhou



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

•METALTECH, May 15-18, 2019, Malaysia

•IT BY FERROFORMA, Jun 4-6, 2019, Bilbao, Spain

•Fastener Fair Mexico, Jun 19-20, 2019, Mexico City, Mexico



Show Room



Offer Product

Latest News
• Taiwan Fastener Export Volume Grows 0.37% to 0.131 Million Tons in April 2019

• Malaysia’s Largest Machine Tools Exhibition, METALTECH 2019, Celebrates 25th Anniversary And New High-Tech Venue MITEC

Buyers' Guide
Company News

• Wuxi Anshida Hardware Co.,Ltd: Pursue Perfection with Persistence

• Dongtai Huawei: One-Stop Supplier of Stainless Steel Fasteners

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


fastener