March orders typically see a large bump, as many sector manufacturers end their fiscal year at the end of the month.
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By order value, January was the lowest level since January 2021, while the unit count was its lowest since 2016.
The strong growth figures suggest that metal-cutting production has not been drastically affected yet by an industrial slowdown.
While U.S. cutting tool consumption fell after a spike, market indicators remain positive with growth expected, according to USCTI and AMT.
