Intelligence

February 2024 U.S. cutting tool consumption totaled $214.6 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

To make a long manufacturing story short, we asked industry leaders to summarize manufacturing technology in just one word in our new series “The World According To…” presented by IMTS+.

Catherine (Cat) Ross, AMT director of community engagement, was recently re-elected to serve her second term on the Women in Manufacturing Education Foundation board.

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, totaled $343.3 million in February 2024.

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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.