The numbers and data in the report are based on the totals reported by the companies participating in the Cutting Tool Market Report (CTMR) collaboration. The totals here represent about 80 percent of the US market for cutting tools.
“The start of 2015 has shown both January and February surpassing last year’s totals,” said Tom Haag, president of USCTI. “This increase has followed the same pattern in Manufacturing of Durable Goods. These are positive conditions considering the first quarter has faced the adversity of harsh weather conditions and a strong dollar in a weakening global economy.”
The CTMR is jointly compiled by AMT and USCTI, both of which represent the development, production and distribution of cutting tool technology and products. A monthly statement is provided on US 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 US manufacturing activity, as it is a true measure of actual production levels.
