PT manufacturers’ sales grew in the US and Canada in August 2010
Chicago, IL -- Sales of power transmission/motion control (PT/MC) products by US and Canadian manufacturers gr...
Chicago, IL — Sales of power transmission/motion control (PT/MC) products by US and Canadian manufacturers grew in August 2010, after a decline in previous month. US sales were up 7.6% and Canadian manufacturers’ sales were up 2.6%, according to August 2010 sales data released by the Power Transmission Distributors Association (PTDA) in its monthly Market Outlook Report.
In the US, year-to-date sales are up 10.2% over the same period in 2009. In Canada, sales are 12.0% ahead of 2009.
After three months at the neutral position of 5.0, confidence in the market by US manufacturers dropped to 4.8 on a scale of 1 (very pessimistic) to 10 (outstanding). Canadian manufacturers’ confidence rose to 5.2, back from a drop to 4.9 in July.
The Market Outlook Report is published monthly. 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.
Year-end data for 2008 and 2009 is available in a complete report. For more information, visit www.ptda.org.