This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Quality Magazine logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Quality Magazine logo
  • Home
  • The Magazine
    • Current Issue
    • Digital Edition
    • Quality in Automation
    • Archives
    • How To Guide
    • Industry News
    • Subscribe
  • Web Exclusives
    • Coronavirus Coverage
    • Blogs
    • NDT Exclusives
    • Quality Exclusives
    • Vision & Sensors
  • New Products
  • Channels
    • Management
    • Measurement
    • NDT
    • Quality 101
    • Software
    • Test & Inspection
    • Vision & Sensors
    • Ask the Expert
  • Markets
    • Aerospace
    • Automotive
    • Electronics
    • Energy
    • Green Manufacturing
    • Medical
    • Plastics
  • More
    • Leadership 100 Survey
    • Plant of the Year
    • Professional of the Year
    • Job Board
    • White Papers
    • Quality Store
    • Software Downloads
    • eCards
    • Product Spotlights
    • Industry Links
    • Sponsor Insights
    • Market Research
  • Multimedia
    • eNewsletter
    • Podcasts
    • Videos
    • Webinars
    • Showcases
    • Image Galleries
    • Interactive Spotlights
  • Events
    • IMTS
    • Event Calendar
    • Quality Show
  • InfoCenters
    • Manage Quality, Risk & Compliance
    • Modern Quality Control with SPC
    • Process Control in Manufacturing
  • Directories
    • Buyers Guide
    • NDT Sourcebook
    • Vision & Sensors
    • Take a Tour
  • Contact
    • Contact Us
    • Advertise
Home » U.S. Cutting Tool Consumption Up 1.3 Percent in April

You have 0 Articles Left This Month. Register Today for Unlimited Access.

Management
Quality Headline

U.S. Cutting Tool Consumption Up 1.3 Percent in April

June 18, 2019
Order Reprints
No Comments

April 2019 U.S. cutting tool consumption totaled $206.3 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 (CTMR) collaboration, was down 1.9 percent from March's $210.4 million and up 1.3 percent when compared with the $203.7 million re-ported for April 2018. With a year-to-date total of $837.4 million, 2019 is up 6.7 percent when com-pared with 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. “April’s report continues to reflect a very robust market. However, the growth rate appears to beslowing. This is in line with what other industries are reporting. The effect of reduced Boeing 737 production rates and unsettled trade agreements are causing some of the market head-winds. If those issues are resolved in the next couple of months, 2019 could end as another record year,” said PhilKurtz, President of USCTI.

According to Mark Killion, Director of U.S. Industries at Oxford Economics, "New orders fell back in April, although remaining above year-ago levels, in line with slowing business investment and weakness in the motor vehicles sector." The Cutting Tool Market Report is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cut-ting 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.

You have 0 complimentary articles left.

Register for free today to continue reading!

Already have an account? Sign in here.

Privacy Policy

Related Articles

U.S. Cutting Tool 2017 Consumption up 3.5 Percent in April

U.S. Cutting Tool Consumption Down 4.6 percent in April

U.S. Cutting Tool Consumption Up 4.6 percent in March over 2014

U.S. Cutting Tool 2017 Consumption up 8.7 Percent in January

Related Products

Lean Tooling DVD Package

Gemba Kaizen: A Commonsense Approach to a Continuous Improvement Strategy 2/E

Related Directories

SPC Innovations Inc.

Subscribe For Free!
  • Digital Edition Subscriptions
  • eNewsletters
  • Online Registration
  • Subscription Customer Service
  • Mobile Help

More Videos

Popular Stories

microfocus rotating target

Computed Tomography for NDT

man and woman in factory setting with a tablet

Leading Amid Turmoil: Quality Leadership 2021

people in ppe looking at a laptop in an industrial setting

Control Chart Analysis

lens

Machine Vision Inspection

Headline

LMI Technologies Acquires AI, IIoT/5G Inspection Company, FringeAI

Events

March 3, 2021

Understand How Complementary Material Analysis Techniques Can Help Improve Quality

End-to-end quality assurance and control is no longer a nice to have but a must have in manufacturing and fabrication.

October 26, 2021

The Quality Show

The Quality Show is a 3-day tradeshow dedicated to connecting quality manufacturing professionals with process improvement vendors for all things QUALITY.

View All Submit An Event

Poll

Topics to Talk About

What topics would you like to see Quality cover more?
View Results Poll Archive

Products

Quality Brain Teasers: Real World Challenges to Build Your Manufacturing Skills (ebook)

Quality Brain Teasers: Real World Challenges to Build Your Manufacturing Skills (ebook)

Assessments and Training in the following areas...

See More Products

SoftwareDownloads

Quality Magazine

Quality February 2021 cover

2021 February

Check out the February 2021 edition of Quality, featuring Leadership 2021, air gaging beyond the basics, force measurement, control chart analysis, and much more!

View More Create Account
  • Resources
    • Market Research
    • Custom Content & Marketing Services
    • List Rental
    • Partners
    • Manufacturing Group
    • Polls
    • Privacy Policy
    • Survey and Sample
  • Want More
    • Connect
  • Privacy
    • Privacy Policy
    • Do Not Sell My Personal Information
    • Privacy Request
    • Accessibility

Copyright ©2021. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing