PT/MC Market Reports Mixed Results in April
Chicago, IL -- The PT/MC market reports mixed results, according to the Power Transmission Distributors Association...
Chicago, IL — The PT/MC market reports mixed results, according to the Power Transmission Distributors Association (PTDA) in its April 2008 month-end trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products.
U.S. distributors’ overall sales of PT/MC products climbed 6.4% in April 2008 compared to March 2008. When matched up against sales in the same month in 2007, sales in April 2008 were up 11.5%. Accounts receivable collection days fell 4.3% since March 2008. The confidence index of U.S. distributors held steady for the fifth month in a row at 5.8 (on a 10-point scale).
Canadian distributors also reported a rise in PT/MC sales, gaining 8.6% in April 2008. Sales over the same period last year were up 6.6%. Accounts receivable collection days dropped 6.9% compared to March 2008. In April 2008, the confidence level of Canadian distributors was held constant for the third month in a row at 5.7 (on a 10-point scale).
U.S. manufacturers’ sales declined in April 2008, with a 2.7% loss compared to March 2008. Sales in April 2008 climbed 2.1% compared to April 2007. Orders in April 2008 were down 3.6% over March 2008. The confidence level of U.S. manufacturers declined slightly in April 2008 to 5.2 (on a 10-point) compare to 5.6 in March 2008.
Canadian manufacturer’s sales declined slightly in April 2008 with a 0.4% loss compared to March 2008. Sales were down 2.0% when compared to the same period last year. For January, the confidence level of Canadian manufacturers decreased 0.2 to 5.0 (on a 10-point scale) from March 2008 to April 2008.
Product-by-product sales between March 2008 and April 2008 reflect the overall drop in sales experienced by both U.S. and Canadian manufacturers. Three of nine product categories for U.S. manufacturersgear products, clutches & brakes, and standard industrial motorsposted sales gains. For Canadian manufacturers, more than half of the products manufactured posted a positive gain, resulting in negligible losses this Month.
The Market Outlook Report is published monthly by the PTDA. To purchase the year-end data or to begin a subscription to the monthly data, order online at www.ptda.org/store or call PTDA at 312-516-2100.