January 2025 cutting tool consumption was $199.9 million, according to the U.S. Cutting Tool Institute (USCTI) and the Association for Manufacturing Technology (AMT).
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The total, reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, rose 9.2% from December 2024 but was down 4.1% compared with January 2024.
“January was quite soft for most tooling companies, even more so than normal. New investments are on hold, and most shops are only buying what they need to keep spindles turning. Until the political conditions settle and the uncertainty they create for manufacturing is resolved, I expect to see very little improvement in consumption, especially for small businesses,” said Jack Burley, chairman of AMT’s Cutting Tool Product Group.
The Cutting Tool Market Report is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers’ consumption of the primary consumable in the manufacturing process – the cutting tool. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels.
1 thought on “January 2025 Cutting Tool Orders Up 9.2%”
That is quite a misleading headline! Nobody compares January sales to December sales