ameri resources


Need an office in metro Detroit, Alabama or Toronto? Office suites, meeting rooms, virtual offices, network access




free downloads
USA: "Skills and innovation strategies to strengthen U.S. manufacturing: Lessons from Germany" repor

USA: "Skills and innovation strategies to strengthen U.S. manufacturing: Lessons from Germany" report. 38-page report by Brookings.

proceed to download
eJournals





back to index backAMERItalk March,  2017


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

January U.S. cutting tool consumption totaled $173.05 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 up 8.7% from December’s $159.17 million and up 8.7%  when compared with the total of $159.22 million reported for January 2016. With a year-to-date total of $173.05 million, 2017 is up 8.7% 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.

Brad Lawton, Chairman of AMT’s Cutting Tool Product Group states that The early numbers for the first month of 2017 support the optimistic feelings that are growing in the domestic manufacturing market.  For the export of U.S. made cutting tools it is hoped that the strength of the U.S. Dollar and the Trump Administration trade policies will not destroy this potential business.  We must all wait and see the numbers at the end of the first quarter.”

The latest data indicate cutting tool shipments are on a somewhat firmer footing in early 2017. The overall trend in durable goods orders and shipments points to firming activity after a lackluster 2016 performance. Likewise, most leading manufacturing indicators show improving domestic and global confidence levels,” says Gregory Daco, Chief U.S. Economist at Oxford Economics. President Trump’s pro-growth fiscal agenda should stimulate activity by year-end and into 2018, though his protectionist and anti-immigration agenda represent notable downside risks.”

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.

To view chart, please click here.

Source: The Association For Manufacturing Technology - GAI






previous page

go top
search our site


Loading

AMERItalk

Other articles from the same issue (March,  2017).

Autos: US Sales Solid in February; Demand Drivers Firmly in Place
play read on

WardsAuto: VW Reveals New Product, Sales Strategies for U.S.
play read on

NAFTA unlikely to hurt Mexico car production, says Renault-Nissan CEO
play read on

The Top Six Takeaways from Auto-ISAC's and NHTSA’s Cybersecurity Best Practices
play read on

Automotive industry insights from the suppliers’ perspective
play read on

NAFTA 2.0: Keeping Calm and Driving on for Canadian Auto Industry
play read on

Ontario Promotes Auto Parts Competitiveness
play read on

How Manufacturers Can Get Faster, More Flexible, and Cheaper
play read on

Are You and Your Supply Chain Ready for Import Tariffs?
play read on

State of the American Workplace
play read on

Real Estate Solutions Needed for Tech-Driven Auto Industry
play read on

3 Ways a New Customs Agreement Makes it Easier to Meet Global Demand
play read on

Your Guide to Claiming the R&D Tax Credit
play read on

What CFOs Need to Know About Corporate Tax Planning
play read on

Employers Invest Heavily When Hiring Foreign Talent
play read on

Commentary: What now? U.S. trade without TPP
play read on

U.S. Will Reclaim Global Supply Chain, Trump Trade Aide Says
play read on

Supreme Court Reins in International Supplier Liability under U.S. Patent Law
play read on

International Location Report: Expectations for a Steady Canadian Economy in 2017
play read on

Will US Workers Have Right Skills for Jobs of the Future?
play read on

When America Was Most Innovative, and Why
play read on

ISM: Strong Demand For U.S. Manufactured Goods Continues
play read on

Closing the skills gap: Creating workforce-development programs that work for everyone
play read on

U.S. Pass-through Entities - Tax Reform Changes?
play read on

Canada’s Free Trade Agreements Strategy
play read on

Canadian Tax Adviser
play read on

Canadian economy to grow by 2 per cent in 2017, RBC forecasts
play read on

U.S. Cutting Tool 2017 Consumption up 8.7% in January
play read on

Manufacturing Technology Orders Dropped in January
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120