U.S. Cutting Tool Consumption down 6.9 percent in October
MCLEAN, VA — October U.S. cutting tool consumption totaled $168.99 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 1.6 percent from September’s $171.67 million and 4.7 percent when compared with the total of $177.35 million reported for October 2015. With a year-to-date total of $1.698 billion, 2016 is down 6.9 percent when compared with 2015.