November U.S. cutting tool consumption totaled $156 million,
according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. This total, as reported
by companies participating in the Cutting Tool Market Report
(CTMR) collaboration, was down 16. 6 percent from October’s
total and down 7.0 percent from November 2012. Year-to-date
shipments are $1.88 billion, which is down 3. 9 percent from the
same period in 2012.
These numbers and all data in this report are based
on the totals actually reported by the companies
participating in the CTMR program. The totals here
represent about 80 percent of the U.S. market for
“The month-to-month comparison for November
suffered in part due to strong sales in October,” said
Brad Lawton, chairman of AMT’s Cutting Tool Product
Group. “The year-to-date comparison to 2012 shows
a much more modest decline and was also fairly consistent from
April or May through November, something anyone doing a
forecast should appreciate.”
The Cutting Tool Market Report (CTMR) is jointly compiled
by AMT and USCTI, two trade associations representing the
development, production, and distribution of cutting tool tech-
nology 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.
The Association For Manufacturing Technology represents and promotes U.S.-based manufacturing technology and its members—those who design, build,
sell, and service the continuously evolving technology
that lies at the heart of manufacturing.
The United States Cutting Tool Institute (USCTI) was formed
in 1988 and resulted from a merger of the two national associations representing the cutting tool manufacturing industry.
USCTI works to represent, promote, and expand the U.S. cutting
tool industry and to promote the benefits of buying Ameri-can-made cutting tools manufactured by its members.
U.S. Cutting Tool Consumption Down 16.6% In November
The 3Q13 PTDA Business Index produced a reading of 51.6 which
represents a decrease over last quarter’s reading of 54.7 and the
third consecutive quarter of slower growth. Survey participants
anticipate limited upside for the channel in 2014, possibly driven
by decreasing pricing power.
The index reading indicates the rate of change compared with
the previous period. For example, a reading of 50 indicates no
change from the prior period while readings above 50 indicate
growth and below 50 indicate contraction. The further the index
is above or below 50 suggests a faster or slower rate of change.
The entire 3Q13 PTDA Business Index report is available
through PTDA’s website at www.ptda.org/index. It includes
U.S. and Canadian breakout data in addition to historical data.
Conducted jointly by PTDA and Cleveland Research Company,
the PTDA Business Index was modeled after the widely respected
Growth Continues To Slow In PT/MC Industry
Purchasing Managers Index and
tracks change in business activity, new orders, employment,
supplier deliveries, inventories,
prices, and backlog in the PT/MC
industry to arrive at an overall
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