Fastener Shanghai
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->May U.S. Cutting Tool Consumption Rises SharplyYou are the 500618 visitors
Views:1188   |   recommendation:   |   Votes:0   |   Discuss:0
May U.S. Cutting Tool Consumption Rises Sharply

May U.S. cutting tool consumption totaled $191.93 million according to the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.2 percent from April’s $168.03 million and up 15.5 percent when compared with the total of $166.25 million reported for May 2016. With a year-to-date total of $908.04 million, 2017 is up 5.8 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 CTMR program. The totals here represent the majority of the U.S. market for cutting tools.

“The Cutting Tool Industry is feeling the strong activity, supported by May’s positive numbers,” says Brad Lawton, Chairman of AMT’s Cutting Tool Product Group. “As domestic manufacturing growth is projected to continue, 2017 will be a much better year for the Cutting Tool Industry.”

Steve Kline Jr., Director of Market Intelligence at Gardner Business Media, comments, “Cutting tool orders surged in May, growing at their fastest rate since December 2014. The GBI: Metalworking index continued to grow at an accelerating rate in June. Since it leads cutting tool orders by about six months, we expect cutting tool orders to grow at an accelerating rate for at least the remainder of 2017. Also, durable goods new orders, another excellent leading indicator of cutting tool orders, has shown continual improvement in 2017.”

Source: Industrial Distribution

2017/7/17 17:20:00

Previous:    Iron and steel sector profit set to soar
        Next:    Chattanooga-Based Bolts & Nuts Acquires Macon, GA Distributor

Recent Related News
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
November US Cutting Tool Consumption Up Nearly 10% YoY--2018-01-12
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

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:

•M-Tech Osaka, Oct 3-5, 2018, Osaka, Japan

•METALEX Vietnam, Oct 11-13, 2018, Ho Chi Minh City, Vietnam

•Indometal, Oct 17-19, 2018, Jakarta, Indonesia



Show Room



Offer Product

Latest News
• China Trade Surplus With U.S. Widens to Record $34.1B

• U.S. Cutting Tool Consumption up 13.9 Percent in August

Buyers' Guide
Company News

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

• Dongtai Huawei to Exhibit at Canton Fair 2018 Spring Session, Booth No.15.3H26, Welcome to Visit Us!

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


fastener