Down, but getting back up: December 2016 U.S. cutting tool consumption totaled $176.04 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT — The Association for Manufacturing Technology. This total was up 4.4 percent from November's $168.69 million and up 12.5 percent when compared with the total of $156.49 million reported for December 2015, as reported by companies participating in the Cutting Tool Market Report collaboration. With a year-to-date total of $2.042 billion, 2016 is down 4.3 percent when compared with 2015.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2017-02-15
CTE source: https://ctemag.com/news/cutting-tool-market-report-strong-finish-2016/
Legacy path: /cutting-tool-market-report-strong-finish-2016