December 2022 U.S. cutting tool consumption totaled $188.4 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 3.1% from November’s $194.4 million and up 14.6% when compared with the $164.3 million reported for December 2021. With a year-to-date total of $2.2 billion, 2022 is up 10.8% when compared to the same time period in 2021.
Read further with Rivet|MRO to learn more about this increase!