October sales of power transmission products off significantly from year ago
Chicago, IL -- Canadian and US manufacturers of power tranmsission and motion control products posted a slig...
Chicago, IL — Canadian and US manufacturers of power tranmsission and motion control products posted a slight increase in sales in October 2009, according to sales data released by the Power Transmission Distributors Association (PTDA) in its latest Market Outlook Report.
US manufacturers’ sales rose 0.6% over September 2009 sales. The increase was a slower rate than experienced in the previous two months but still reflects positive movement. Canadian manufacturers’ sales rose 0.8% over September 2009, the second month of growth.
Year-to-date sales figures comparisons between October 2009 and October 2008 still reflect sales declines. US manufacturers’ year-to-date sales are down 28.2% compared to sales at this time last year; Canadian manufacturers’ year-to-year sales are off 27.2%.
Confidence in the US market has been in a negative position since January 2009 and has been stalled at 4.7 (as measured on a scale of 1 to 10 with 10 being most optimistic) for four consecutive months. Canadian manufacturers’ confidence experienced a huge spike in October 2009, jumping to a neutral position of 5.0, the best ranking of the index since July 2008.
The PTDA’s 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 more information, contact PTDA at 312-516-2100 or visit www.ptda.org.