U.S. manufacturers’ consumption of cutting tools declined 1.6% from September to October, and 4.7% from October 2015, ending the month at $168.99 million. The figures are drawn from the monthly Cutting Tool Market Report issued jointly by the U.S. Cutting Tool Institute (USCTI) and AMT - the Association for Manufacturing Technology, as an index to overall manufacturing activity.
CTMR figures represent actual dollar figures as reported by the companies participating in the CTMR program, who represent the majority of the U.S. market for cutting tools.
Cutting tools are offered as the primary consumable in manufacturing, and thus an indicator of actual production levels.
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