The 2020 Mid-Year Economic Update_long

U.S. Cutting Tool Consumption Falls in September

Year-over-year decline expected.

September U.S. cutting tool consumption totaled $170.8 million, according to the U.S. Cutting Tool Institute and AMT – The Association for Manufacturing Technology.

This total, as reported by companies participating in the cutting tool market report collaboration, was up 1.3 percent from August’s total, down 11.7 percent from September 2014 and down 1.9 percent when compared year-to-date in 2014.

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

"The month to month performance shows little change and certainly no significant recovery from the effects of the strong dollar and low oil prices, therefore the current industry conditions will continue," says Brad Lawton, chairman of AMT’s cutting tool product group.

This September was expected to be down from 2014's numbers as IMTS bloomed into shipments in 2014.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.