Fastener Shanghai
Official WeChat
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->U.S. Cutting Tool Consumption Up 13.4 Percent in J...You are the 679275 visitors
Views:783   |   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
China has to take countermeasures in response to U.S. announcement of tariff hikes--2019-08-16
Trump delays some tariffs on Chinese imports--2019-08-14
U.S. Cutting Tool Consumption Up 1.3 Percent In April--2019-06-18
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

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener8fastener

Fastener Trade Show Suzhou

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

•The Fastener Exhibition & Conference, Sep 11-12, 2019, Birmingham, UK

•International Fastener Expo, Sep 17-19, 2019, Las Vegas, USA

•wire & Tube Southeast Asia, Sep 18-20, 2019, Bangkok, Thailand

Show Room

Offer Product

Latest News
• Former UK fastener manufacturer owner sentenced for bribery

• Sundaram Fasteners to go ahead with capex plan despite auto sector downturn

Buyers' Guide
Company News

• Haining R-Best: Focus on Quality, Be the Best Rivet Nut Supplier

• Dongtai Huawei to Exhibit at Vietnam International Exhibition on Hardware & Hand Tools 2018

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