Despite strong growth in order values, the number of units ordered continues to grow at a slower pace.
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March orders typically see a large bump, as many sector manufacturers end their fiscal year at the end of the month.
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.
