PT/MC manufacturers experience big drop in sales in July
Chicago, IL -- Both Canadian and US manufacturers experienced a drop in sales in July 2009, according to sales...
Chicago, IL — Both Canadian and US manufacturers experienced a drop in sales in July 2009, according to sales data released by the Power Transmission Distributors Association (PTDA). Confidence in both the Canadian and US markets (as measured on a scale of 1 to 10 with 10 being most optimistic) rose slightly by 0.1% from last month to 4.5 and 4.9 respectively.
US manufacturers’ sales fell by 10.4% in July 2009 when compared to June 2009. Sales in July 2009 fell 38% compared to the same period last year. Orders in July 2009 increased slightly by 1.4% over June 2009 orders.
Canadian manufacturers’ sales fell 11.6% compared to June 2009. Sales were down 29.6% when compared to the same period last year.
Product-by-product sales between June 2009 and July 2009 reflect the change in sales experienced by US and Canadian manufacturers. All nine product categories for US manufacturers posted sales losses. For Canadian manufacturers, five product categories posted sales gains — including a 53.3% increase for clutches and brakes. Other growth categories include mounted bearings, shaft couplings, standard industrial motors, and mechanical drive systems and other PT products.
The Market Outlook Report is published monthly by PTDA. For details, visit www.ptda.org.