Power transmission/motion control market on upward curve in August
Chicago, IL -- The August 2007 month-end trend data for distributors and manufacturers of power transmission/motion...
Chicago, IL — The August 2007 month-end trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products has been released by the Power Transmission Distributors Association (PTDA).
U.S. distributors sales of PT/MC products continue to fluctuate, rising 9.9% from July to August after a 7.0% drop in sales the prior month. Year-to-year comparisons remain positive with sales in August 2007 coming in 6.0% higher than in August 2006. Accounts receivable collection days were down 5.5% over July 2007.
The August 2007 confidence index for U.S. distributors remained unchanged for the sixth month in a row at 6.6 (on a 10-point scale).
Canadian distributors sales in PT/MC products were also up, increasing 1.5% from July to August 2007. Year-to-year comparisons continued to rise, gaining 1.1% over sales in August of 2006. Account receivables collection days continue to decline, dropping 4.7% over July 2007.
After last months dip, the confidence level of Canadian distributors increased 0.6 points to 5.3 (on a 10-point scale)
U.S. manufacturers sales reversed last months decline, jumping 10.1% from July to August 2007. Sales growth over the same period last year was also up 8.1%. The confidence level of U.S. manufacturers remained flat at 5.5 (on a 10-point scale) from July to August 2007.
Mirroring their U.S. counterparts, Canadian manufacturers month-to-month sales rose 5.8% in August after a drop in sales the month before. Year-to-year sales growth continued to increase with a 1.7% increase over August 2006. The confidence level of Canadian manufactures also remained flat at 5.2 on a 10-point scale.
Between July and August 2007, U.S. manufacturers experienced an overall increase in sales with only one product category — standard industrial motors experiencing a decrease in sales. Canadian manufacturers experienced an overall decline in sales with only three product categories showing an increase in sales — unmounted bearings, variable speed drives and gear products.
The full report is available by annual subscription via e-mail or mail by contacting 312-516-2100 or may be ordered online at www.ptda.org/store.
Founded in 1960, the Power Transmission Distributors Association (PTDA) is an association for the industrial power transmission/motion control (PT/MC) distribution channel. It represents 216 power transmission/motion control distributor firms with over 3,500 locations throughout North America and 13 other countries as well as 200 manufacturers that supply the PT/MC industry. For more information, visit www.ptda.org.