Bret Tayne News Today

Through the first two months of the year, orders were up 6.5%.

Transportation and defense sectors are driving an ongoing rise cutting-tool demand, suggesting that durable goods manufacturing may be on track for “better-than-anticipated growth...

June orders were up more than 23% year-over-year.

December consumption grew 2.2% from November.

The 12-month moving average improvement is in a healthy range.

Year-to-date orders were down 6.4 percent through April.

Year-to-date orders were down 6.4 percent through April. Jun 10th, 2021 iStock MCLEAN, VA — April 2021 U.S. cutting tool consumption totaled $170 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 collaboration, was down 4.3% from Marchs $177.6 million and up 26.3% when compared with the $134.6 million reported for April 2020. With a year-...

Supply chain challenges, reluctance in a portion of the workforce to return and rising material prices were cited as possible drags on the market.

US Cutting Tool Consumption Sunk 22% in 2020 Orders picked up steadily after bottoming out at down 36 percent year-over-year in May, but still have a long way to go to comparative breakeven. Feb 17th, 2021 iStock MCLEAN, VA — December 2020 US cutting tool consumption totaled $157.3 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 collaborati...

Despite Solid October Gain, US Cutting Tool Orders Still Down 22% YoY The president of the US Cutting Tool Institute said Octobers results show that "at least the bleeding has stopped." Dec 18th, 2020 iStock October 2020 U.S. cutting tool consumption totaled $167.9 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 collaboration, was up 7.6% f...