Fourth Straight Monthly Drop for US Cutting Tool Consumption

Dec. 15, 2016

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.

Robert Brooks

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.

Industryweek Com Sites Industryweek com Files Uploads 2016 10 17 Ctmr1016chart 595

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.

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.)