Chris is currently the Principal Economist at AMT – The Association for Manufacturing Technology where he examines trends in the overall economy that affect the demand for manufacturing technology. For over five years, Chris has managed surveys which compile the data necessary to get a full picture of the U.S. manufacturing landscape. Prior to AMT, Chris held varied roles in data analytics, research, sales, and marketing in an array of industries and settings. Chris holds a master’s degree in economics from The American University.
Chris is currently the Principal Economist at AMT – The Association for Manufacturing Technology where he examines trends in the overall economy that affect the demand for manufacturing technology. For over five years, Chris has managed surveys which compile the data necessary to get a full picture of the U.S. manufacturing landscape. Prior to AMT, Chris held varied roles in data analytics, research, sales, and marketing in an array of industries and settings. Chris holds a master’s degree in economics from The American University.
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.
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.
In recent months, several publicly listed additive companies have had their share value drop below the dollar-per-share minimum, putting them at risk of being removed from the exchange where their shares are traded.
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?
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.
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.
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.
November 2023 U.S. cutting tool consumption totaled $202.7 million, down 4.9% from October’s $213 million and up 4.4% when compared with the $194.1 million reported for November 2022, according to the U.S. Cutting Tool Institute and AMT.