U.S. Cutting Tool Consumption down 5.7 Percent in November
MCLEAN, VA — November U.S. cutting tool consumption totaled $168.69 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 down 0.2 percent from October’s $168.99 million and up 9.3 percent when compared with the total of $154.28 million reported for November 2015. With a year-to-date total of $1.867 billion, 2016 is down 5.7 percent when compared with 2015.