Shipments of cutting tools, measured by the Cutting Tool Market Report produced by AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $212.5 million in October 2024. That's up 12.6% from the previous month but down 0.2% compared to October 2023. Year-to-date shipments through October 2024 totaled $2.07 billion, an increase of 0.6% from shipments made between January and October of 2023. The 2024 YTD growth rate, however, has declined every month since April.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2024-12-17
CTE source: https://ctemag.com/news/cutting-tool-orders-see-october-rebound-amid-yearlong-slowdown/
Legacy path: /cutting-tool-orders-see-october-rebound-amid-yearlong-slowdown