U.S. Cutting Tool 2017 Consumption up 3.5 Percent in April
MCLEAN, VA — April U.S. cutting tool consumption totaled $168.03 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 16% from March’s $200.05 million and down 3.6% when compared with the total of $174.26 million reported for April 2016. With a year-to-date total of $716.11 million, 2017 is up 3.5% when compared with 2016.