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US cutting tool consumption fell 6.7% in the first three quarters of 2013
According to the Cutting Tool Market Report (CTMR) jointly issued by the US Cutting Tool Association (USCTI) and the Association for Manufacturing Technology (AMT), the total US cutting tool consumption in September 2013 was US$160 million, down 3.8% month-on-month and 3.1% year-on-year. . In the first nine months, total tool consumption reached US$1.50 billion, a year-on-year decrease of 6.7%. Comprehensive statistics show that in the first half of 2013, the consumption of cutting tools in the United States was 1.014 billion US dollars, a year-on-year decrease of 8.2%. Consumption in June was US$155 million, down 12.8% year-on-year; consumption in July was US$157 million; consumption in August was US$160 million, down 13.2% year-on-year. With the exception of September, the decline has expanded since June. The current monthly consumption remains at around $160 million. Brad Lawton, president of the American Institute of Manufacturing Technology Cutting Tool Products Group, said the decline in cutting tool shipments compared with 2012 was mainly due to slower growth in orders for metal products; the power generation equipment and aircraft and parts industries are expected to grow in 2014. The Cutting Tool Market Report (CTMR) is a monthly report jointly launched by the American Manufacturing Technology Association and the Tool Association. The purpose of the cooperation between the two associations is to promote and support cutting tools, the foundation of the US manufacturing industry, and hope to analyze the US manufacturing activities in terms of tool consumption. , to measure the real production situation.