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Despite Solid October Gain, US Cutting Tool Orders Still Down 22% YoY
The president of the US Cutting Tool Institute said October s 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% from September s $156.1 million and down 22.4% when compared with the $216.4 million reported for October 2019. With a year-to-date total of $1.6 billion, 2020 is down 23% when compared with October 2019.
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. ....

Bret Tayne , Mark Killion , Us Industries At Oxford Economics , Us Cutting Tool Institute , Manufacturing Technology , Tool Institute , Association For Manufacturing , Cutting Tool Market Report , குறி கிலியந் , எங்களுக்கு தொழில்கள் இல் ஆக்ஸ்ஃபர்ட் பொருளாதாரம் , எங்களுக்கு வெட்டுதல் கருவி நிறுவனம் , உற்பத்தி தொழில்நுட்பம் , கருவி நிறுவனம் , சங்கம் க்கு உற்பத்தி , வெட்டுதல் கருவி சந்தை அறிக்கை ,