U.S. Cutting Tool Consumption Down 3.4 Percent in October
MCCLEAN, VA — October U.S. cutting tool consumption totaled $177.2 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 (CTMR) collaboration, was up 3.4 percent from September’s total, down 15.4 percent from October 2014 and down 3.4 percent when compared year-to-date in 2014.
These numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools.