This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 2.8% from May’s $191.93 million and up 6% when compared with the total of $175.97 million reported for June 2016. With a year-to-date total of $1.095 billion, 2017 is up 5.8% when compared with 2016.

The Cutting Tool Market Report is jointly compiled by AMT and USCTI.

March U.S. cutting tool consumption totaled $200.05 million according to the U.S. Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology.

February U.S. cutting tool consumption totaled $174.98 million.

“The latest data indicate cutting tool shipments are on a somewhat firmer footing in early 2017."

This total was down 16.2 percent from June’s $175.35 million and down 17.2 percent when compared with the total of $177.51 million reported for July 2015.

With a year-to-date total of $2,135.07 million, 2015 was down 5 percent when compared with 2014.

June U.S. cutting tool consumption totaled $188.7 million.

The totals represent the majority of the U.S. market for cutting tools.

The Cutting Tool Market Report is jointly compiled by AMT and USCTI.