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.
August 2023 U.S. cutting tool consumption totaled $219.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
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.
