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Economic Indicators clear

Durable Goods Orders Climb

Durable goods orders rose in May, the third consecutive monthly increase, the Commerce Department said today.

Machine Tool Orders Slip in July

Orders for machine tools declined in July as some transportation industries pared orders, according to AMT – The Association for Manufacturing Technology.

Cutting Tool Orders Rise in June

June 2022 U.S. cutting tool consumption totaled $175.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 0.3% from May’s $175.4 million and up 2.2% when compared with the $172.1 million reported for June 2021.