Cutting Tool Demand Up Again on Manufacturing Expansion
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U.S. manufacturers¡¯ cutting-tool consumption rose to $183.61 million during January, an increase of 4.9% from December, and up 6.1% from January 2017. The results continue to demonstrate expanding manufacturing production for machine shops and similar operations, as cutting tools represent ¡°a primary consumable in the manufacturing process,¡± according to the U.S. Cutting Tool Institute and AMT ¨C the Assn. for Manufacturing Technology, which present the monthly Cutting Tool Market Report.
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The CTMR is based on the figures reported by participating companies, and represent the majority of the U.S. market for cutting tools.
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20 Mar,2018
