Shipments of cutting tools, measured by the Cutting Tool Market Report produced by AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $212.5 million in October 2024. That's up 12.6% from the previous month but down 0.2% compared to October 2023. Year-to-date shipments through October 2024 totaled $2.07 billion, an increase of 0.6% from shipments made between January and October of 2023. The 2024 YTD growth rate, however, has declined every month since April.