U.S. Cutting Tool Consumption Down 2.7 Percent in August
MCLEAN, VA — August U.S. cutting tool consumption totaled $166 million, according to the U.S. Cutting Tool Institute and AMT – the Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 2.7 percent from July’s total and down 3.0 percent from August 2013.
The report is based on the totals actually reported by the companies participating in the CTMR program. The totals here represent about 80 percent of the U.S. market for cutting tools.