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July U.S. Cutting Tool Orders Hold Steady Far Below 2019 Levels

July U.S. Cutting Tool Orders in 2019

U.S. cutting tool consumption held steady during July, but ended the month still well below pre-pandemic levels, according to the U.S. Cutting Tool Institute and the Association for Manufacturing Technology.

Their Cutting Tool Market Report collaboration showed that July consumption totaled $173.2 million, down 1.5% from June and up 6.7% year-over-year. It followed a 0.3% uptick from May to June. Year-to-date consumption ended July at $1.2 billion, up 7.7% compared to the first seven months of 2021.

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