U.S. Cutting Tool Consumption Grew 8.3 Percent in 2017
MCLEAN, VA — December U.S. cutting tool consumption totaled $175 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 collaboration, was down 5.4% from November’s $185.00 million and up 10% when compared with the $159.17 million reported for December 2016. With a year-to-date total of $2.195 billion, 2017 is up 8.3% when compared with 2016.