US cutting tool consumption declines manufacturing decline

According to statistics from the American Institute of Cutting Tools and the Production Technology Association (AMT), total US cutting tool consumption in June reached $155 million. According to data from the company participating in the cutting tool market report, compared with the total of 195 million US dollars in 2012, it fell by 6.6% and 12.8% in May and June respectively. The latest statistics for the beginning of 2013 to June are $1014,000, down 8.2% from 2012.

All data and documents in the report are based on actual reports from participating project companies participating in the cutting tool market. It represents 80% of the cutting tool market in the United States.

Dave Povich, president of the American Cutting Tool Association (USCTI), said: "Because of the recent events, we did not expect that the weakness in the first half of 2013 was a stage that reached its best level since 1998. We guarantee the first half of 2013. The progress will definitely exceed the second half of 2012, and we also believe that the production of cutting tools will continue to grow steadily in the coming period."

The cutting tool market report is completed by the Production Technology Association and the American Cutting Tool Association. The two major trade associations represent the development, production and distribution of cutting tool technology and products, and provide the American manufacturer with the basics of cutting tool manufacturing every month. Consumption of consumer goods. Analysis of cutting tool consumption is an important indicator of US manufacturing recovery and recession as it is a true measure of actual production standards.

This is the first report from the cutting tool market since the data file was released in January 2012. The first collaboration between the Production Technology Association (AMT) and the American Cutting Tool Association (USCTI) has important implications for driving and supporting US cutting tool technology manufacturers. (Excerpt from: US Cutting Tool Consumption Down, translation: Ma Yanping)