Manufacturers’ sales on the rise according to PTDA’s latest Market Outlook Report
Chicago, IL -- Sales of power transmission/motion control (PT/MC) products by US manufacturers in rose 2.4% co...
Chicago, IL — Sales of power transmission/motion control (PT/MC) products by US manufacturers in rose 2.4% compared to the previous month, while Canadian manufacturers’ sales rose 25.4%, according to June 2010 sales data released by the Power Transmission Distributors Association (PTDA) in its latest Market Outlook Report.
Year-to-date sales in the first half of the year also are up in both the US and Canada. In the US, year-to-date sales rose 4.9% compared to the same period in 2009, while Canadian sales rose 9.7%.
For the second consecutive month, confidence in the market by US manufacturers holds a neutral position of 5.0, while Canadian manufacturers’ confidence rose from 4.9 to 5.2 on a scale of 1 (very pessimistic) to 10 (outstanding).
In the US, all tracked categories showed month-to-month gains, with the exception of standard industrial motors. Canadian manufacturers’ product sales also rose in all but one category: clutches & brakes.
The Market Outlook Report is published monthly by the PTDA. To purchase the year-end data or to begin a subscription to the monthly data, order online at www.ptda.org/store or call PTDA at 312-516-2100.
A US-based trade association, PTDA represents 185 power transmission/motion control distribution firms that generate more than $10 billion in sales and span 3,500 locations in North America and 11 other countries. PTDA members also include 181 manufacturers that supply the PT/MC industry.