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->June U.S. Cutting Tool Consumption Up 6% Year-Over...You are the 447564 visitors
Views:1168   |   recommendation:   |   Votes:0   |   Discuss:0
June U.S. Cutting Tool Consumption Up 6% Year-Over-Year


June U.S. cutting tool consumption totaled $186.57 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 down 2.8 percent from May’s $191.93 million and up 6.0 percent when compared with the total of $175.97 million reported for June 2016. With a year-to-date total of $1.095 billion, 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.

“2017 continues to be a much stronger year for cutting tools than 2016,” says Steve Stokey, President of USCTI. “High consumer confidence is a strong indicator that cutting tools sales will continue to improve through the second half of the year.”

Costikyan Jarvis, President of Jarvis Cutting Tools, comments that, “Combining the recent PMI of 56.3, Capacity Utilization of 76.6 percent and July’s job growth (209,000 jobs), this month’s Cutting Tool Survey result supports our view of a slow, but steady, growth in the economy. While most macro level indicators are sound, there is some uncertainty how global politics (North Korea, Venezuela, etc.), the Federal rate increases, and the diminishing Federal Balance Sheet will affect economies. On a more micro level, automotive and aerospace continue their robust demand, but we would like to see more improvement in areas like housing starts, agriculture and oil. From the cutting tool producers viewpoint, our revenue growth is being driven by the strong market segments while Caterpillar’s recent improved outlook may signal growth in some of the remaining segments.”

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.


Source: Industrial Distribution

2017/8/15 15:18:00

Previous:    EU imposes new anti-dumping duties to Chinese steel
        Next:    Manufacturing Expo 2017, a Vehicle to Drive Industrialists towards Industry 4.0 with Confidence

Recent Related News
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
May U.S. Cutting Tool Consumption Rises Sharply--2017-07-17
China's industrial output expands 6% in 2016--2017-01-22
October U.S. Cutting Tool Consumption Down 6.9% Year-To-Date--2016-12-16
US Fasteners Imports from China Decline in the First Seven Months --2016-12-06

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:fastener4fastener

Fastener Shanghai


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

•Manufacturing Expo Thailand, Jun 20-23, 2018, Bangkok, Thailand

•Vietnam Manufacturing Expo, Aug 8-10, Hanoi, Vietnam

•Fastener Shanghai 2018 - Shanghai Fastener & Tech Show, Sept 26-29, 2018, Shanghai, China



Show Room



Offer Product

Latest News
• China's new energy power generation sees faster growth

• Aviation industry growth driven by China

Buyers' Guide
Company News

• JIN CHI MACHINE: Precision High Speed Screw Manufacturer

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

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


fastener