PTDA member’s December sales results continue to reflect slowing markets
Chicago, IL -- In December 2008, U.S. distributors' overall sales of power transmission/motion control (PT/MC) prod...
Chicago, IL — In December 2008, U.S. distributors’ overall sales of power transmission/motion control (PT/MC) products fell 4.7% when compared to November 2008, according to the latest sales data for distributors and manufacturers of these products as compiled by the Power Transmission Distributors Association (PTDA).
When matched up against sales in the same month last year, sales in December 2008 were down by 1.1%. Accounts receivable collection days dropped 3.6% since November 2008. The confidence index of U.S. distributors for November was also unchanged for the fourth consecutive month, remaining at 5.2 (on a 10-point scale).
Canadian distributors reported a 5.2% drop in sales in December 2008. Sales over the same period last year were up 0.3%. Accounts receivable collection days decreased 1.1% over November 2008. The confidence level of Canadian distributors dropped 0.3 points to 5.0, following four consecutive months at 5.3 (on a 10-point scale).
Following the November 2008 loss of sales of 16.6%, U.S. manufacturers’ sales dropped again by 10.6% in December 2008. Compared to the same period last year, sales in December 2008 were down 9.8%. Orders in December 2008 were down 8.9% over November 2008. The confidence level of U.S. manufacturers rose to 5.1 (up 0.2 points over November 2008 levels on a 10-point scale).
Canadian manufacturers’ sales were down 7.6% compared to November 2008. Sales were down 14.7% when compared to the same period last year. The confidence level of Canadian manufacturers dropped to 4.6, down 0.2 from last month’s level (on a 10-point scale).
Sales between November 2008 and December 2008 in specific product categories reflect the change in sales experienced by U.S. and Canadian manufacturers. All product categories for U.S. manufacturers posted a decrease in sales while Canadian manufacturers saw growth in sales in three product categories—gear products, positioning systems/linear motion products and shaft couplings.
The Market Outlook Report is published monthly by the PTDA. The full report includes month-to-month and year-to-year changes for the current and the previous year in sales, inventory and accounts receivables for U.S. and Canadian distributors as well as a general confidence index. U.S. and Canadian manufacturer data includes a confidence index as well as sales and order trends for mounted bearings, unmounted bearings, standard industrial motors, variable speed drives, positioning systems/linear motion products, gear products, clutches and brakes, shaft couplings and mechanical drive systems and other PT products. The monthly data is available by subscription via e-mail or mail. Order online at www.ptda.org/store or call PTDA at 312-516-2100.