The Economy

Second-Straight Month of Declining Cutting Tool Orders

Oct. 13, 2014

The Cutting Tool Market Report, issued by the U.S. Cutting Tool Institute and the Association for Manufacturing Technology (AMT) is based on actual sales figures reported by participating suppliers.

Robert Brooks

Machine shop and domestic manufacturers cutting tool purchases fell 2.7% from July, the second-consecutive month of decline for the Cutting Tool Market Report. The Cutting Tool Market Report, issued by the U.S. Cutting Tool Institute and the Association for Manufacturing Technology (AMT) is based on actual sales figures reported by participating suppliers. This report also reflects an annual decline, down 3.0% from August 2013.

Read the full report on American Machinist, a companion site of IndustryWeek and part of Penton's Manufacturing and Supply Chain group.

About the Author

Robert Brooks | Content Director

Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.

Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)