U.S. Cutting Tool Consumption Down 4.1 percent in November
MCCLEAN, VA — November U.S. cutting tool consumption totaled $153.7 million, according to the U.S. Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 13 percent from October’s total, down 11.3 percent from November 2014 and down 4.1 percent when compared year-to-date in 2014.