Power transmission product sales to July well ahead of last year
Chicago, IL -- Sales of power transmission/motion control (PT/MC) products by US manufacturers dropped in the ...
Chicago, IL — Sales of power transmission/motion control (PT/MC) products by US manufacturers dropped in the first month of the third quarter by 1.3% compared to the previous month, while Canadian manufacturers’ sales dropped by 12.3%, according to July 2010 sales data released by the Power Transmission Distributors Association (PTDA) in its latest Market Outlook Report.
Although sales dropped in July, sales year-to-date are still ahead of the same period in 2009. In the US, year-to-date sales are up 7.6% over the same period in 2009. In Canada, sales are 10.3% ahead of 2009.
For the third consecutive month, confidence in the market by US manufacturers holds a neutral position of 5.0, while Canadian manufacturers’ confidence dropped from 5.2 back to 4.9 on a scale of 1 (very pessimistic) to 10 (outstanding).
The Market Outlook Report is published monthly by the PTDA. The monthly data is available by subscription via e-mail or mail. To order, visit www.ptda.org/store or call PTDA at 1-312-516-2100.