January 2024 U.S. cutting tool consumption totaled $204.5 million, according to USCTI and AMT. This total was up 9.1% from December’s $187.5 million and up 4.1% when compared with the $196.5 million reported for January 2023.
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT, totaled $338 million in January 2024, a 31% decline from December and a 3.7% decline from January 2023.
The organizations favor a collaborative partnership as independent entities to enhance operational performance, responsiveness, and strategic flexibility.
IMTS has announced the opening of registration for more than 10 conferences at IMTS 2024, an enhanced conference format, and new IMTS Elevate programs for IMTS 2024. IMTS also announced that visitor housing registration is now open.
Event to Connect Small and Medium Manufacturers with Experts in Smart Technologies
December 2023 U.S. cutting tool consumption totaled $187.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
In an upside surprise, December 2023 orders of manufacturing technology totaled $491 million, up nearly 22% from November 2023, and nearly 12% above December 2022, according to the U.S. Manufacturing Technology Orders Report published by AMT.
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November 2023 U.S. cutting tool consumption totaled $202.7 million, down 4.9% from October’s $213 million and up 4.4% when compared with the $194.1 million reported for November 2022, according to the U.S. Cutting Tool Institute and AMT.
Despite a soft economic landing, U.S. manufacturing technology orders, per the U.S. Manufacturing Technology Orders Report published by AMT, saw a 10.3% decline to $399.8 million, contributing to a year-to-date drop of 13.3% compared to 2022.