Power transmission product sales up in Canada, down in the US in January
Chicago, IL -- Canadian and US manufacturers' sales of power transmission and motion control products increase...
Chicago, IL — Canadian and US manufacturers’ sales of power transmission and motion control products increased in January 2010, with US manufacturers posting a slight increase of 0.1% and Canadian manufacturers’ sales rising by 10.4% according to data from the Power Transmission Distributors Association (PTDA) released in its latest Market Outlook Report.
For US manufacturers, sales comparisons between January 2010 and January 2009 still reflect sales declines. US manufacturers’ year-to-date sales are down 12.8% compared to sales at this time last year. However, Canadian manufacturers’ year-to-year sales are up 2.9%.
US manufacturers’ confidence rose from 4.9 in December to a neutral position of 5.0 – the highest position in a year. Canadian manufacturers’ confidence rose slightly to 4.6 from 4.5 in December 2009.
In one example of the different rates of growth between the two countries, month-to-month sales for unmounted bearings between December 2009 and January 2010 rose 11.0% for Canadian manufacturers and dropped 8.1% for US suppliers. On the other hand, sales of variable speed drives dropped 12.0% in Canada, while they rose a whopping 38.9% in the US.
The Market Outlook Report is published monthly by the Power Transmission Distributors Association. The full report includes US and Canadian manufacturer data for sales and order trends for mounted bearings, unmounted bearings, standard industrial motors (US only), 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. For more information, visit www.ptda.org/store or call PTDA at 312-516-2100.