In a report compiled by the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT), U.S. tooling consumption was down 5.7% in 2016. This figure is based on totals reported by companies who participated in the Cutting Tool Market Report (CTMR).
As a leading consumable in the manufacturing process, cutting tool consumption is seen as a leading indicator of overall manufacturing ups and downs. Tooling performance is identified as a strong indicator because it's a true measure of actual production levels.
What does that mean for the year ahead?
