According to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association for Manufacturing Technology, U.S. cutting tool orders totaled $173.2 million in July 2022, up 6.7% from July 2021. Cutting tool consumption was down 1.5% from June’s $175.9 million but is up 7.7% year-to-date to $1.2 billion.