Empower better business decisions through economic insights, market data, and industry learnings.
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.
At the AMT Winter Economic Forum, economists predicted the upcoming year will feature several opportunities for manufacturers as the economy comes in for a soft landing, including 8% growth in manufacturing technology orders. Is your company ready?
Manufacturing leaders will share their insights and hard-earned lessons with others at MFG 2024 in Orlando. Special sessions explore leadership transition strategies, unveil forecasts from Pat McGibbon, and honor exemplary leaders like Ralph Hegman.
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.
Embark on a journey of innovation and inspiration at The 2024 MFG Meeting in Orlando, Florida, April 24-26. Discover manufacturing tech trends, get economic forecasts, and make connections that will directly impact your business success.
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.
There is a proportional relationship between the capabilities of your people and the ability to increase sales and reduce costs. Recognizing this is important.
Rather than alter the origin of imported automobiles and components, the largest impact of the tariffs may have been to inspire more foreign direct investment in the United States.
Check in for the highlights, headlines, and hijinks that matter to manufacturing. These lean news items keep you updated on the latest developments.