U.S. manufacturers purchased $196.23 million worth of cutting tools during August, +14.8% over July, +11.6% year/year, and +7.7% YTD.
New orders still rising through late summer, as manufacturing technology rides multiple indicators of expansion for seventh consecutive month of recover
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August tonnage for steel and aluminum deliveries maintained a modest pace of year-over-year increases, while inventories stayed mostly even.
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U.S. manufacturers consumed $170.95 million worth of cutting tools during July, -8.4% from June but +16.0% over July 2016 and +7.1% YTD
New orders for machine tools totaled $319.7 million, prompting AMT to observe, the “July rate of increase is a notable acceleration in growth relative to the 10% increase in June orders posted over the previous year.”
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