The Economy

Cutting Tool Consumption Down 17.2% in Latest Tally

Sept. 15, 2016

U.S. manufacturers’ cutting tool consumption totaled $146.95 million during July, a 16.2% less than the June total and 17.2% less than the July 2015 result.

Robert Brooks

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.

Industryweek Com Sites Industryweek com Files Uploads Custom Inline Feeds Ctmr0716chart 595 0

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

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

About the Author

Robert Brooks | Content Director

Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.

Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)