October cutting tool orders jump 14.7% YoY
Shipments of cutting tools totaled $250.1 million in October, and increase of 12.7% from September and 14.7% higher versus October 2024, according to the latest Cutting Tool Market Report, jointly compiled by AMT and the U.S. Cutting Tool Institute (USCTI).
Year-to-date shipments trended positively for the first time this year and totaled $2.13 billion, up 0.6% from the same period in 2024.
"The latest three-month trend is looking more promising, but our industry is still flat to down over the past year," said Mike Stokey, president of USCTI. "I believe our industry is cautiously optimis-tic that 2026 will be slightly better than 2025. Obviously, that could change quickly based on any changes to economic policies."
Costikyan Jarvis, president of Jarvis Cutting Tools, said: "The very strong October 2025 results are likely the result of several one-time factors driving demand rather than a new baseline; however, the overall picture continues to show a slow rise in industrial output, with the prom-ise of more growth in 2026. The year-to-date 2025 data versus 2024 data show a strength-ening trend consistent with other economic indicators. This suggests that industrial manufac-turing is looking at a much better 2026 than 2025."
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Applied Industrial Technologies. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
