Strong Finish for 2016 Shipments Despite 4.3 Percent Year-to-Date Decline
MCLEAN, VA — December U.S. cutting tool consumption totaled $176.04 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 4.4 percent from November’s $168.69 million and up 12.5 percent when compared with the total of $156.49 million reported for December 2015. With a year-to-date total of $2.042 billion, 2016 is down 4.3 percent when compared with 2015.