Cutting Tool Demand Shows Manufacturing Expansion
U.S. manufacturers purchased $196.23 million worth of cutting tools during August, a 14.8% rise over July’s result and 11.6% more than the August 2016 consumption total. The figures portray the steady improvement in domestic manufacturing activity, a reading that is even more evident in the year-to-date total, $1.462 billion for January-August, which is 7.7% higher than last year’s eight-month total.
Cutting tools are one of the principle consumable products for manufacturers — machine shops and other. Thus, consumption of cutting tools presents a quantifiable index to the current state of manufacturing activity, comparable to durable goods shipments.
Each month the U.S. Cutting Tool Institute (USCTI) and AMT – the Association for Manufacturing Technology. The Cutting Tool Market Report (CTMR) compiles data supplied by participating companies, who represent the majority of the U.S. market for cutting tools.
The sustained expansion of domestic manufacturing is also evident in the AMT’s U.S. Machine Tool Orders report, which is a leading indicator of manufacturing activity by tracking the capital investments made by U.S. manufacturers.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
