AMT, USCTI Unveil New Market Intelligence Tool
A new monthly report that tracks cutting tool consumption is one of the latest resources for staying up-to-date on manufacturing industry performance.
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Hwacheon Machinery America, Inc.
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AMT—the Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI) are collaborating on a new monthly data release that tracks an important index of manufacturing activity: cutting tool consumption. Given that cutting tools are the prime consumable in the manufacturing process, this analysis can provide a true measure of actual production and serve as a valuable leading indicator of future U.S. manufacturing activity, the organizations say.
Released August 14, the first iteration of the Cutting Tool Market Report (CTMR) shows that cutting tool consumption declined in June. Still, USCTI’s president expressed reason for optimism throughout the rest of the year.
The CTMR is only the latest resource for tracking industry performance. For its part, AMT also produces the United States Manufacturing Technology Orders (USMTO) report, which provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. Also, be sure to check out the wealth of economic data and research from MMS publisher Gardner Business Media, including the economics blog, the Capital Spending Survey, and the World Machine Tool Output and Consumption Survey.
