2009 sales show significant decline for PT/MC manufacturers, says report
Chicago, IL -- Year-end sales data for power transmission/motion control (PT/MC) products shows that Canadian ...
Chicago, IL — Year-end sales data for power transmission/motion control (PT/MC) products shows that Canadian and US manufacturers’ sales dropped by one-fourth in 2009 as compared to 2008. The data was released by the Power Transmission Distributors Association (PTDA) in its 2009 year-end Market Outlook Report.
Following a moderate growth rate of 3.8% in 2008, US manufacturers saw a 27.0% decrease in PT/MC product sales in 2009. The annualized sales-to-inventory ratio for 2009 rose from 9.7 at year-end 2008 to 10.8 at year-end in 2009.
Canadian manufacturers were slightly less worse off, with a 24.7% decrease in sales in 2009, although they were poorer off in the previous year, with a 7.4% drop in 2008. The annualized sales-to-inventory ratio rose by a tenth of a point to 7.1 at year-end 2009.
In considering sales growth on a product-by-product basis for 2009, both US and Canadian manufacturers posted sales declines in every category.
In December 2009, US manufacturers’ overall sales of PT/MC products fell by 1.8% when compared to November 2009. Compared to the same period last year, sales in December 2009 were down 16.4%. Orders in December 2009 were down 1.4% compared to November 2009. The confidence level of US manufacturers rose to 4.8 (up 0.1 points over November 2009 levels on a 10-point scale).
Canadian manufacturers’ sales dropped 10.0% in December 2009 compared to November 2009. Sales were down 9.9% when compared to the same period last year. The confidence level of Canadian manufacturers rose to 4.5, up 0.3 from the previous month’s level (on a 10-point scale).
Sales between November 2009 and December 2009 in specific product categories reflect the change in sales experienced by US and Canadian manufacturers.
The full Market Outlook Report, published monthly by the PTDA, can be obtained by contacting the association at 312-516-2100. For more information, visit www.ptda.org.