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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