Cutting Tool Demand Drops, but Expansion Trend Remains

November U.S. cutting tool consumption totaled $185.00 million, -6.6% compared to October; +9.6% over November 2016

U.S. manufacturers’ consumption of cutting tools declined from October to November 2017, though the sponsors of the monthly Cutting Tool Market Report noted the expansion trend in domestic manufacturing continued, with demand building across a broad swath of industries.

In November, U.S. cutting tool consumption totaled $185.00 million, -6.6% compared to the October result but +9.6% over the November 2016 figure.