Cutting Tool Consumption Down 17.2% in Latest Tally

Cutting Tool Consumption Down 17.2% in Latest Tally

U.S. manufacturers’ cutting-tool consumption totaled $146.95 million during July, a disappointing 16.2% less than the June total and 17.2% less than the July 2015 result. The figures are reported in the latest Cutting Tool Market Report, a monthly update to purchases of cutting tools – which are viewed a real-time index to manufacturing activity.

The monthly Cutting Tool Market Report is offered as an index to overall manufacturing activity (comparable to manufacturers’ shipments of durable goods, as shown) because tools must be replaced relatively frequently during manufacturing processes.

The figures in the report are based on totals reported by companies participating in the CTMR program – and represent the majority of the U.S. market for cutting tools

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American Machinist is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.

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