Power transmission component manufacturers experienced slight boost in September
Chicago, IL -- Canadian and US manufacturers posted an increase in sales in September 2009, according to sales...
Chicago, IL — Canadian and US manufacturers posted an increase in sales in September 2009, according to sales data released by the Power Transmission Distributors Association (PTDA) in its latest Market Outlook Report. Confidence in the US market (as measured on a scale of 1 to 10 with 10 being most optimistic) is holding at a current negative position of 4.7 for the third consecutive month. Canadian confidence rose slightly by 0.1 from last month to 4.2.
US manufacturers’ sales rose for the second consecutive month, posting a 5.3% increase in September 2009 when compared to August 2009. Sales in September 2009 are down 29.6% compared to the same period last year. Orders in September 2009 increased by 9.1% over August 2009 orders.
Canadian manufacturers’ sales rose by 14.0% compared to August 2009. Sales were down 29.1% when compared to the same period last year.
Product-by-product sales between August 2009 and September 2009 reflect the change in sales experienced by US and Canadian manufacturers. Seven of nine product categories for US manufacturers posted sales gains. For Canadian manufacturers, eight product categories posted sales gains.
The full Market Outlook Report includes US and Canadian manufacturer data for 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. For details, call PTDA at 312-516-2100 or visit www.ptda.org.