Association for Manufacturing Technology (AMT)
Cutting tool consumption totaled $175.4 million in the United States for the first quarter of 2022, which is an increase of more than 9% compared to 2021.
April 2022 orders of manufacturing technology totaled $513.4 million, the second month in a row surpassing half a billion dollars.
Strong consumer demand drove continued investments in manufacturing technology in all stages of the supply chain, leading to more than $400 million in manufacturing orders.
Manufacturing technology orders are increasing since the start of the pandemic as companies find their footing.
Cutting tool consumption in the U.S. declined almost 10% in November compared to the previous month and almost 20% compared to November 2019.
Manufacturing orders totaled under $300 million in August according to the Association for Manufacturing Technology (AMT), which is down more than 20% from the same period in 2019.
Manufacturing technology orders dropped by almost 2% in July compared to June, but the industry seems to be stabilizing overall.
Manufacturing technology orders soared to $346.7 million in June, a 56% increase over the previous month, but still down 6% from the same period in 2019.
Cutting tool orders dropped a little over 4% in May 2020 compared to the prior month and is down by over a third compared to the same time period in 2019 due to COVID-19.
U.S. cutting tool consumption totaled $196.5 million in January, which is up from December, but down almost 10% compared to January 2019