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 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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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.)