The purchasing manufacturers' index (PMI) stayed above 60% for the fourth straight month, finishing at 61.2%.
Ken Hope, a 30-year industry veteran from Chevron Phillips Chemical, has been appointed as president of STLE from 2021-22.
U.S. cutting tool consumption jumped almost 20% in March according to the U.S. Cutting Tool Institute (USCTI) and Association For Manufacturing Technology (AMT).
The purchasing manufacturers' index hits 60.7% in April as new orders, production and employment continue to grow for manufacturing.
The U.S. Cutting Tool Institute (USCTI) and Association for Manufacturing Technology (AMT) reported a 3.3% increase in February over the prior month, but it remains down by almost 20% compared to the same period in 2020.
Purchasing manufacturers' index jumps to 64.7% in March as demand, employment rise.
Confidence in the equipment finance market jumped almost five points to 64.4 in February thanks to high demand due to the COVID-19 pandemic.
Manufacturing demand remains strong in spite of the COVID-19, but workers are still adjusting.
January manufacturing index slides a bit from December to 58.7%, but industry still showing strength.
Cutting tool consumption in the U.S. declined almost 10% in November compared to the previous month and almost 20% compared to November 2019.