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U.S. Cutting Tool Consumption down 1.2% in February
May 7, 2014
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U.S. cutting tool consumption in February 2014 was $157 million, down 1.2% from January 2014 and down 6.8% from February 2013, according to the U.S. Cutting Tool Institute and AMT – The Association for Manufacturing Technology.

“The trend is certainly on an upward climb as incoming orders have indicated a strong finish for the first quarter of the calendar year,” said Tom Haag, President of USCTI.

The Cutting Tool Market Report (CTMR) is a monthly report on U.S. manufacturers’ consumption of cutting tools, considered the primary consumables in the manufacturing process.

Analysis of cutting tool consumption—a true measure of actual production levels —is designed to be a leading indicator of changes in U.S. manufacturing activity.

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