Cutting tool consumption up 14.2% in May from April
May U.S. cutting tool consumption totaled $191.93 million a report issued Wednesday by the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology says.
This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.2% from April's $168.03 million and up 15.5% when compared with the total of $166.25 million reported for May 2016.
With a year-to-date total of $908.04 million, 2017 is up 5.8% when compared with 2016.