US Cutting Tool Orders Totaled $202.7M in November 2023, Bringing the Year-to-Date Total Up 7.5% From 2022
November 2023 U.S. cutting tool consumption totaled $202.7 million, down 4.9% from October’s $213 million and up 4.4% when compared with the $194.1 million reported for November 2022, according to the U.S. Cutting Tool Institute and AMT.
November 2023 U.S. cutting tool consumption totaled $202.7 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 4.9% from October’s $213 million and up 4.4% when compared with the $194.1 million reported for November 2022. With a year-to-date total of $2.26 billion, 2023 is up 7.5% when compared to the same time period in 2022.