Shipments of cutting tools totaled $239.8 million in May 2026. The value of shipments decreased 7.4% from April 2026 but was up 15.2% from May 2025. Year-to-date shipments totaled $1.2 billion, up 16.8% from the same period in 2025.
Manufacturers may now qualify for up to $10 million in SBA-backed financing. Learn how expanded federal programs can support equipment purchases, expansion, and growth.
Recent manufacturing policy in Washington has been dominated by tariffs, investigations, court decisions, and trade negotiations. Now, policymakers are increasingly focused on a harder question: how to rebuild manufacturing capacity in the United States.
Shipments of cutting tools totaled $258.9 million in April 2026. The value of shipments decreased 0.1% from March 2026 but was up 21.1% from April 2025. Unit shipments decreased slightly in April after rising the previous two months.
New orders of metalworking machinery totaled $593.6 million in April 2026, a 12.5% decline from March 2026, but a 33.2% increase from April 2025. So far this year, manufacturing technology orders have totaled $2.19 billion, a 28.9% increase over 2025.
The legal battle over the administration’s Section 122 tariffs has escalated significantly since early May, adding another layer of uncertainty for manufacturers already navigating a rapidly shifting trade environment.
Shipments of cutting tools totaled $259.3 million in March 2026, increasing 15.2% from February 2026 and 24.6% from March 2025. Year-to-date shipments totaled $705.1 million, up 15.9% from the same period in 2025.
New orders of metalworking machinery totaled $681.3 million in March 2026, increasing 40.3% from February 2026 and 31.5% from March 2025. Manufacturing technology orders totaled $1.61 billion for the first quarter of 2026, up 27.8% year over year.
Following the Supreme Court decision that struck down tariffs imposed under IEEPA, the federal government has begun issuing refunds estimated at more than $150 billion. However, for most companies, the practical impact will take time to materialize.
Shipments of cutting tools, measured by the Cutting Tool Market Report, totaled $225.1 million in February 2026, increasing 2% from January 2026 and 12.8% from February 2025. Year-to-date shipments are up 11.3% from the same period in 2025.