Power transmission update
PTDA tracks industry trends
CHICAGO, IL-The Power Transmission Distributors Association (PTDA) released May 2007 month-end trend data for Canadian distributors and manufacturers of power transmission/motion control (PT/MC) products.
Canadian distributors’ sales of PT/MC products on a month-to-month comparison mirrored the performance of their U.S. counterparts. After a two-month decline, sales were up 7.8 percent compared to April 2007.
Year-to-year comparisons also were positive with a 3.4 percent increase over sales in May of 2006. Account receivables collection days dropped 7.2 percent over April 2007.
After a slight increase last month, the confidence level of Canadian distributors decreased 0.3 points to 6.0 for May 2007 (on a 10-point scale).
Canadian manufacturers’ month-to-month sales also matched the performance of their U.S. counterparts. Following a short-lived decrease in sales in April, sales were up 2.9 percent in May 2007.
Sales grew 4.7 percent compared to the same month last year. Mirroring the trends, the confidence level of Canadian manufacturers also went up, increasing 0.1 points (to 5.3 on a 10-point scale) in May 2007.
Canadian manufacturers experienced growth in five product categories: unmounted bearings, gear products, mechanical drives systems and other PT products, mounted bearings and shaft couplings.