There’s a long-lived adage in woodworking and carpentry—measure twice, cut once. As civilization grew and evolved from millions of years ago when primitive cutting tools were used to hunt and gather food, a need for more accurate cutting tools grew and evolved with it.

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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 was down 6.6% from October’s $198.00 million and up 9.6% when compared with the $168.70 million reported for November 2016. With a year-to-date total of $2.020 billion, 2017 totals were up 8.2% when compared with 2016.

With a year-to-date total of $716.11 million, 2017 is up 3.5% when compared with 2016.

With a year-to-date total of $1.867 billion, 2016 is down 5.7 percent when compared with 2015.

With a year-to-date total of $1.352 billion, 2016 is down 8.3 percent when compared with 2015.

The total was up 5.8 percent from May’s $165.68 million and down 7.1 percent when compared to June 2015.

May U.S. cutting tool consumption totaled $165.68 million.

These numbers and all data in this report are based on the totals actually reported by the companies participating in the CTMR program.